Economy, asked by mariappannagapillai, 5 months ago

The price elasticity of demand for a commodity is -2. A household demanded 20 units of the commodity when its price was Rs.5 per unit. How many units of the commodity will the household demand if the price of the commodity falls to Rs.4 per unit?

Answers

Answered by zahidaf988

Explanation:

If price of burgers rises by 20% and then demand falls by 25%, then demand for burgers is ______. ... When the price of Commodity-X is Rs.20 per unit, its quantity demanded is 50 units; ...

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The price elasticity of demand for a commodity is -2. A household demanded 20 units of the commodity when its price was Rs.5 per unit. How many units of the commodity will the household demand if the price of the commodity falls to Rs.4 per unit?​

Answers

The price elasticity of demand for a commodity is -2. A household demanded 20 units of the commodity when its price was Rs.5 per unit. How many units of the commodity will the household demand if the price of the commodity falls to Rs.4 per unit?