Economy, asked by ananyaanuzz342, 9 months ago

The price of a commodity goes up from rs 5 to rs 6 as a result of which demand falls from 8 units to 6 units.Calculate price elasticity of demand.

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Answers

Answered by pratikganguly13

1

Answer:2

Explanation:

Price elasticity of demand = delta Q / delta P

= 6-8 / 6-5

= -2 = |-2| = 2

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