The price elasticity of good is ,-0.8 and demand for the good rises 20 – InterviewSolution

1.	The price elasticity of good is ,-0.8 and demand for the good rises 20% find the fall in price
Answer» 25 % is the fall in the PRICE of good solutioned = - Change in DEMAND/ change in price-0.8 = 20 / X x = 20 /-0.8 x = -25% hope it HELPS

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