Question

when price of a good is Rs. 12 per unit, the consumer buys 14 units of that good. when price rises to Rs. 14 per unit, the consumer buys 20 units. calculate price elasticity of demand​

Answer 1

Answer:

P=12

∆P=3

Q=14

∆Q=6

therefore,

elasticity of demand=∆Q/∆P×P/Q

=6/3×12/14

=2×6/7

=12/7

=1.71 ans.

Explanation:

P= price

∆P=change in price

Q=quantity demanded

∆Q= change in quantity demanded

hope this answer will help you

Answer 2

Explanation:

ur question is wrong so correct ur question