Price Elasticity of Demand of two goods A and B is (-) 3 and (-) 4 respectively. Good A has higer elasticity.

Price Elasticity of Demand of two goods A and B is (-) 3 and (-) 4 res

1.	Price Elasticity of Demand of two goods A and B is (-) 3 and (-) 4 respectively. Good A has higer elasticity.
Answer» Solution :B is more elastic because 1% fall (rise) in price will LEAD to higher PERCENT rise (fall) in DEMAND.