Economy, asked by hoolahoolahoola4, 7 months ago

When price of a good is Rs 12 per unit, the consumer buys 24 units of that good. When price
rises to Rs 14 per unit, the consumer buys 20 units. Calculate Price Elasticity of Demand.

Answers

Answered by chintansakpal23

Explanation:

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When price of a good is Rs 12 per unit, the consumer buys 24 units of that good. When pricerises to Rs 14 per unit, the consumer buys 20 units. Calculate Price Elasticity of Demand.​

Answers

When price of a good is Rs 12 per unit, the consumer buys 24 units of that good. When price
rises to Rs 14 per unit, the consumer buys 20 units. Calculate Price Elasticity of Demand.