Economy, asked by Arshadx80808080, 8 days ago

The price decreases from £2,000 to £1,800. Quantity demanded per year increases 5000 to 6000 units.

Answers

Answered by divyanshurai19472012

1

Answer:

The percentage change in demand is +20%; the percentage change in price is -10% so the price elasticity of demand is -2.

Explanation:

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