Economy, asked by josmyrjohn, 8 months ago

What will be the elasticity of demand, if there is a decline in price of a good by 10% and
increase in demand by 30%?
a 10%
b) 30%
c) 3
d) 1.3​

Answers

Answered by umermaher072
2

Answer:

D

Explanation:

Ed =percentage change in quantity demand/ percentage change in price( if we putting this formula according to rules and regulations of demand answer is d)

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