Price Elasticity fo Demand is same for the two commoditites x and y if slope of their demand curves are same.

Price Elasticity fo Demand is same for the two commoditites x and y if

1.	Price Elasticity fo Demand is same for the two commoditites x and y if slope of their demand curves are same.
Answer» <html><body><p></p>Solution :when slope of demand cuves of commodities x and y are same , then <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> elasticity of demand on their initial price and intial quantity . It happens because.<br/> Elasticity of Demand `(E_(d))= 1/("Slope of demand <a href="https://interviewquestions.tuteehub.com/tag/curve-941741" style="font-weight:bold;" target="_blank" title="Click to know more about CURVE">CURVE</a>")xxP/Q`</body></html>