Economy, asked by ankitpatel29777, 7 months ago

When the price falls from rs.20 to rs.16 per unit,its demand rises from 1000 units to 1160 units . Elasticity of demand is.....

Answers

Answered by vedikabrahmadande

Explanation:

A good's price elasticity of demand is a measure of how sensitive the quantity demanded of it is to its price. When the price rises, quantity demanded falls for almost any good, but it falls more for some than for others.

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