Economy, asked by aarzoopilania0400, 5 hours ago

ques:-
the quantity demanded of a commodity at a price of ₹ 8 per unit in 500 units its price falls to ₹6 and as a result its quantity demanded rises to 600 unit . Calculate its price elasticity of demand

Answers

Answered by samridhiagg020

1

Answer:

The price elasticity of demand is less than unity (1) i.e. o.8>1.

:) Hope it helps :)

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