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प्रश्न
Calculate elasticity of demand on the basis of the following data:
| Price (Rs.) | Quantity (kg) |
| 6 | 10 |
| 4 | 15 |
संख्यात्मक
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उत्तर
Elasticity of Demand = `(ΔQ)/(ΔP)xxP/Q`
Where, ΔQ = Change in demand
ΔP = Change in price
P = Actual price
Q = Actual Quality
So, Ed = `(ΔQ)/(ΔP)xxP/Q`
= `5/-2xx6/10`
= 1.5
Since, Ed > 1, the demand is relatively elastic.
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