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A consumer by 100 units of goods at price ₹10 per unit when its price increase to ₹ 20 per unit the consumed by 50 units of that goods find the price elasticity of demand and comment on its nature

Posted by Ayush Kumar 7 years, 2 months ago

CBSE > Class 11 > Economics

3 answers

Sakshi Sharma ??️??️??️ 7 years, 2 months ago

(-)0.5

0Thank You

Keshav Bindal 5 years, 8 months ago

It is less than unitary elastic demand.

2Thank You

Keshav Bindal 7 years, 2 months ago

Ed=(-)(50/(-10))×(10/100)=5/10=0.5

1Thank You

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