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%change in price (∆p) = 0.2
Ed =2
expenditure = price × demand
hence new demand = 180 ÷6= 30
Ed =%∆d/%∆p =
2 = d/0.2
∆d=0.4
%∆d=0.4 ×100 =40 %
Ed =2
expenditure = price × demand
hence new demand = 180 ÷6= 30
Ed =%∆d/%∆p =
2 = d/0.2
∆d=0.4
%∆d=0.4 ×100 =40 %
sonali9876:
original expenditure
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