Question

Supposing the initial price of ice cream is? 4 per cup and the initial
demand for ice cream is 1 cup only. If the price of ice cream falls to 32
per cup, demand increases to 4 cups. Find elasticity of demand, using
percentage change method.​

Answer 1

Supposing the initial price of ice cream is? 4 per cup and the initial

demand for ice cream is 1 cup only. If the price of ice cream falls to 32

per cup, demand increases to 4 cups. Find elasticity of demand, using

percentage change method.