The price elasticity of demand of good x is double than good y. A 10percent rise in price of good y results in fall in its demand by 60 units.if original demand of commodity y was 400.calculate percentage rise in demand of good x when its price falls from rs10 to rs8 per unit
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10%=60 units decrease,
460=110%
good x =2y
=2[60]=120 units
120[60%]0.01
=72% increase
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