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What will be the effect of 10 percent rise in price of a good on its demand if price elasticity of demand is −2? - Economic Applications

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What will be the effect of 10 percent rise in price of a good on its demand if price elasticity of demand is −2?

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उत्तर

20 percent fall in demand

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 2: Elasticity of Demand - QUESTION BANK [पृष्ठ ४५]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
पाठ 2 Elasticity of Demand
QUESTION BANK | Q 14. (c) | पृष्ठ ४५
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
पाठ 3 Elasticity of Demand
QUESTION BANK | Q 14. (c) | पृष्ठ ७७
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