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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

3 answers

  1. Vedant · 9 Jun 2024

    Ans is 4

  2. SOHA · 9 Jun 2024

    Formula: p÷q x ∆q÷∆p

  3. SOHA · 9 Jun 2024

    (4÷5x5÷1)=4

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