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The demand for a commodity decreases by 10%when its price increases from rs.5 to rs.6 per unit what is the price elasticity of demand for the commodity?
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The demand for a commodity decreases by 10%when its price increases fr...
PRICE ELASTICITY OF DEMAND = 0.5%

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The demand for a commodity decreases by 10%when its price increases from rs.5 to rs.6 per unit what is the price elasticity of demand for the commodity?
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