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CA Foundation doubt

The price of a commodity decreases from Rs 6 to Rs 4 and the quantity demanded of the good increases from 10 units to 15 units, find the coefficient of price elasticity. (a) 1.5 (b) 2.5 (c)-1.5 (d) 0.

Asked by Kameshwaran.6 Jan 20241168 views

5 answers

  1. Kameshwaran. · 6 Jan 2024

    Thank you

  2. Jay · 6 Jan 2024

    Ok sorry it is coefficients this is wrong

  3. Jay · 6 Jan 2024

    Maybe qd/price =5/2=2.5

  4. Sejal · 6 Jan 2024

    ∆p=4-6/6*100.= -33.33 ∆Q =15-10/10*100 =50. Than ∆Q/∆P =50/33.33=-1.5

  5. Kameshwaran. · 6 Jan 2024

    Please explain

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