मराठी

If the price elasticity of demand for a commodity is 2 and the percentage change in price is 5, the percentage change in quantity demanded will be ______. - Economics

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प्रश्न

If the price elasticity of demand for a commodity is 2 and the percentage change in price is 5, the percentage change in quantity demanded will be ______.

पर्याय

  • 3

  • 2.5

  • 10

  • 7

MCQ
रिकाम्या जागा भरा
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उत्तर

If the price elasticity of demand for a commodity is 2 and the percentage change in price is 5, the percentage change in quantity demanded will be 10.

Explanation:

`"Price elasticity of demand" = "Percentage charge in quantity demanded"/"Percentage change in price"`

`2 = "Percentage charge in quantity demanded"/5`

∴ Percentage charge in quantity demanded = 10

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