Economy, asked by seenu1152, 5 months ago

The price of a commodity is RS 4to 5 as a result of which demand falls from 12 units to 10 units .calculate price elasticity of demand

Answers

Answered by akj94

1

Answer:

0.66

Explanation:

e= ∆q/∆p × p/q

= 2/1×4/12

=0.66

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