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.

CA Foundation Question

6 Answers
Divya answered Jun 10, 2018
Just use the formula of point elasticity. U will easily find the answer

Harisvak1755@gmail.com H answered Jun 09, 2018
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

Bharat Tulsiani answered Jun 09, 2018
Change in quantity is 33.333% and in price is 50% so it is 0..666

Muskan Sugandhi answered Jun 15, 2019
The answer is a

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