Economy, asked by lalzuitluangazuitlua, 6 months ago

the demand for a commodity decrease with the increase in its price from 5 to 10. What is its elasticity of demand ​

Answers

Answered by person31
2

Explanation:

Elasticity of Demand measures the percentage change in the quantity of a good demanded with respect to change in its price. Thus, in this case, the elasticity of demand is zero (or E

d

=0) because change in price causes no change in demand.

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