Q. 64.5( 2 Votes )

What will be the

Answer :

a)Zero :


The elasticity of demand = Percentage change in quantity demand/Percentage change in price


0 = Percentage change in quantity demand/10


Percentage change in quantity demand = 0


B) -1


Elasticity of demand = Percentage change in quantity demand/Percentage change in price


-1 = Percentage change in quantity demand/10


Percentage change in quantity demand = 210


10 percent.


c) -2


Elasticity of demand = Percentage change in quantity demand/Percentage change in price


-2 = Percentage change in quantity demand/10


Percentage change in quantity demand = 20%


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