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Can you explain the answer of this question below:
The price of a commodity were increased form Rs. 4 to Rs. 6. As a result demand decreased form 15 units to 10 units. What is the price elasticity? (Point elasticity)
- A:0.66
- B:0.33
- C:1.00
- D:1.5
The answer is a.
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Can you explain the answer of this question below:The price of a commo...
Just use the formula of point elasticity. U will easily find the answer
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Can you explain the answer of this question below:The price of a commo...
The formulae was change in qd\change in price×price/qd therefore change in price={6-4=2},change in qd={15-10=5,}price=4,qd=15
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Can you explain the answer of this question below:The price of a commodity were increased form Rs. 4 to Rs. 6. As a result demand decreased form 15 units to 10 units. What is the price elasticity? (Point elasticity)A:0.66B:0.33C:1.00D:1.5The answer is a.
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Can you explain the answer of this question below:The price of a commodity were increased form Rs. 4 to Rs. 6. As a result demand decreased form 15 units to 10 units. What is the price elasticity? (Point elasticity)A:0.66B:0.33C:1.00D:1.5The answer is a. for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Can you explain the answer of this question below:The price of a commodity were increased form Rs. 4 to Rs. 6. As a result demand decreased form 15 units to 10 units. What is the price elasticity? (Point elasticity)A:0.66B:0.33C:1.00D:1.5The answer is a. covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:The price of a commodity were increased form Rs. 4 to Rs. 6. As a result demand decreased form 15 units to 10 units. What is the price elasticity? (Point elasticity)A:0.66B:0.33C:1.00D:1.5The answer is a..
Can you explain the answer of this question below:The price of a commodity were increased form Rs. 4 to Rs. 6. As a result demand decreased form 15 units to 10 units. What is the price elasticity? (Point elasticity)A:0.66B:0.33C:1.00D:1.5The answer is a. for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Can you explain the answer of this question below:The price of a commodity were increased form Rs. 4 to Rs. 6. As a result demand decreased form 15 units to 10 units. What is the price elasticity? (Point elasticity)A:0.66B:0.33C:1.00D:1.5The answer is a. covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:The price of a commodity were increased form Rs. 4 to Rs. 6. As a result demand decreased form 15 units to 10 units. What is the price elasticity? (Point elasticity)A:0.66B:0.33C:1.00D:1.5The answer is a..
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