CA Foundation doubt
a consumer demands 5 units of commodity at price of rs 4 per units. He demands 10 units when the price falls to Rs.3 per unit. Price elasticity of demand is equal to? Answer is 4 but how?
Asked by Rohan9 Jun 2024315 views
CA Foundation doubt
Asked by Rohan9 Jun 2024315 views
Vedant · 9 Jun 2024
Ans is 4
SOHA · 9 Jun 2024
Formula: p÷q x ∆q÷∆p
SOHA · 9 Jun 2024
(4÷5x5÷1)=4
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