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Price elasticity of demand is (_0.75)calculate …

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Price elasticity of demand is (_0.75)calculate of %change its price that will result in 150%rise in its demand

    • Posted by Palak Soni 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Sumit Garg 6 years, 9 months ago

    Ed=-0.75 Percentage change in quantity demanded =150% Percentage change in price = ? -0.75 = %∆P/%∆Q %∆P= 150/-0.75 =- 200% Therefore percentage change in price is - 200%.

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