If price rises from Rs46 to …

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If price rises from Rs46 to Rs50 per unit the demand decreases from 30 units to15 units.calculate the co efficient of price elasticity of demand

Posted by Abhinav Kumar 6 years, 4 months ago

CBSE > Class 11 > Economics

1 answers

Nishihoney Lodha 6 years, 4 months ago

∆Q-:(-15) ,∆P- 4, original P-46, original Q-30 ------: Ed=(-)∆Q/∆P * P/Q ------: (-)-15/4 * 46/30 ------: Ed= 5.7 _____ Ed is highly elastic as Ed is more than 1.

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