When the price of cylinder rises from 120 rupees to 200 rupees demand falls from 300 rupees to 200 rupees calculate the price elasticity of demand
Answers
Answered by
0
Answer:
p = 120
p1 = 200
q = 300
q1 = 200
Ep =
q1 - q / q ÷ p1 - p / p
∆q/q ÷ ∆p/p
∆q/q × p/∆p
∆q/∆p × p/q
-100/180 × 120/300
-2/9
Similar questions