Economy, asked by ankitababe2, 3 months ago

When Demand of a good rises 1 point by 40% it Ed=2.What would be a fall in its price?

Answers

Answered by pratimachoprapbrbr6

0

Explanation:

Ed =% age change in demand/%age change in price

2=40/%age change in price

%age change in price=20%

this shows that 20% fall in price results in 40% increase in demand

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