Economy, asked by pawni303, 1 year ago

When the price of a commodity is Rs.20 per unit, its quantity demanded is 800 units. When its price rises by Rs.5 per unit, its quantity demanded falls by 20%. Calculate price elasticity of demand. Is its demand elastic? Give reasons for your answer.

Answers

Answered by Dhirajpatil002

3

demand is elastic. ....................

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