Economy, asked by tamrakaraashi99, 5 months ago

when price fall by 5% and demand increased by 6% elasticity of demand

Answers

Answered by rushikadam10

0

Explanation:

∆Q= quantity change in demand

∆P= Change in price

Ed= ∆Q/∆P

= 0.06/0.05

= 1.2

Elasticity of demand is 1.2

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