Question

The demand function of good 'A ' is given as : QA=40-5pA . calculate its Price elasticity when price rises from Rs 4 to 6.
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Answer 1

Answer:

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Explanation:

A 20% rise in the price of y leads to 6% fall in the demand for Y. Calculate the price elasticities of demand of x and y. ... The demand function of good 'A' is given as: Qa=40-5Pa. Calculate its price elasticity when price rises from Rs4 to Rs6. 17.

Answer 2

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