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.
You need to to view the solution
Is there an error in this question or solution?
APPEARS IN THESE QUESTION PAPERS
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)