InterviewSolution
Saved Bookmarks
| 1. |
A consumer spends Rs. 60 on a good priced at Rs. 1 per unit. When the price rises by 100 per cent, he continues to spend Rs. 60 on the good. Calculate the price elasticity of demand by percentage method. |
|
Answer» A consumer spends Rs. 60 on a good priced at Rs. 1 per unit. When the price rises by 100 per cent, he continues to spend Rs. 60 on the good. Calculate the price elasticity of demand by percentage method. |
|