Economy, asked by abdullatheef4547, 3 months ago

When price of a commodity is Rs.10, demand for the good is 1000 units, when price rises by Rs.4,
demand falls to 500 units. Calculate price elasticity of demand.

Answers

Answered by CutieBun01

6

Answer:

Solution :

<br> The demand is inelastic because the absolute value of clasticity is less than 1 (sign ignored).

Explanation:

Previous Question

Next Question

Similar questions

Math, 1 month ago

13) Last year, a magazine charged a $50 subscription fee. This year, the price will be increased by $10. If the magazine could lose 4 subscribers this year and still collect the same revenue as it did last year, how many subscribers did the magazine have last year? 0 20 0 21 O 22 023 0 24 ...

Chemistry, 1 month ago

which of the following is brittle...

English, 1 month ago

The name of which Compound...

Math, 3 months ago

(i) (3x - 2)2 + (3x + 2)2...

Social Sciences, 3 months ago

(स) निम्नलिखित प्रश्नों के उत्तर दीजिए :- 1. नदियों द्वारा मैदान किस प्रकार बनाए जाते हैं ? 2. मैदानी इलाकों के गाँवों में लोगों के घर सटे-सटे क्यों होते हैं ? 3. मैदानी इलाकों में सिंचाई के कौन-कौन से साधन हैं ? 4. छत्तीसगढ़ के मैदानी गाँवों में धान की खेती ज्यादातर छिझककर विधि से क्यों की जाती है ? 5. रिसदा के लोगों ने अब काम की तलाश में दूसरे राज्यों में जाना क्यों कम कर दिया है ?

Chemistry, 10 months ago

Calculate the volume of water that should be added to 25 ml of 10 molar sulphuric acid to obtain 0.5 molar sulphuric acid solution.

Social Sciences, 10 months ago

Name the three estate in french revolution .

English, 10 months ago

she came back...... a year (after, in) ...