CA Foundation doubt
false
Yha pr elastic kese ho skta hai koi btana
Asked by Neha22 Aug 2024399 views
2 answers
Mohd. · 22 Aug 2024
Price elasticity more than 1 hai tb elastic hua wo
hitesh · 22 Aug 2024
Price elasticity = %change in quantity demanded / %change in price Price elasticity of burger = 25%/22% = 1.13 Price elasticity of burger is 1.13 >1 If the price elasticity is greater than 1 it is called elastic demand So the demand of burger is elastic
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