Business Studies, asked by fbee, 4 months ago

What will be the effect of 20% fall in price of a good on its demand, if the Price elasticity of

demand is found to be Zero?​

Answers

Answered by srishtikaur57
3

Answer:

If the price of any commodity decreases by 20% and the demand for that commodity increases by 40% then the elasticity of demand would be highly elastic as the proportionate change of quantity demand is greater than the proportionate change of price.

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