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When a price of commodity fall …

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When a price of commodity fall from ₹ 10 to ₹9 per unit it quantity fall 30% calculate pes

    • Posted by Shivam Panwar 7 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Rishika Raj 7 years ago

    As the change in quantity demanded is given 30% we should find change in price ... That is 9-10/10×100= -10% Now, ped = -%change in qd/%change in price= -30/-10 = 3

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