Question

the demand for good rises by 20 % as a result of fall in its price its price of elasticity of demand is -0.8. calculate the percentage fall in price..... plz plz solve my numerical it is necessary for mee.... first answer I will mark as brainliest..​

Answer 1

Answer:

The percentage fall in price would be 25 %

Explanation:

Answer 2

αɳรωεɾ

==>

Percentage fall in price of commodity is 25% .

รσℓµƭเσɳ

==>

ed = (-) Change in demand %/change in price.%

-0.8 = 20% / change in price%

Change in price% = 20 /-0.8

Change in price% = - 25%

==>

Hence , fall in percentage of price of given commodity is 25% .

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