#### Question

The price elasticity of demand for a good is - 0.4. If its price increases by 5 percent, by what percentage will its demand fall? Calculate.

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Solution for question: The Price Elasticity of Demand for a Good is - 0.4. If Its Price Increases by 5 Percent, by What Percentage Will Its Demand Fall? Calculate. concept: Elasticity of Demand. For the courses CBSE (Arts), CBSE (Commerce), CBSE (Science)