Economy, asked by kaurshehnazdeep3, 6 months ago

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Answered by krishnanarayan07103
2

Ans: Suppose elasticity of demand for Y = 1, and elasticity of demand for X = 2. So, % decrease in qt. demanded of Y will be 5%, because price rises by 5% and % increase in qt. demanded of X will be 10%, because price falls by 5%.

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