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[" 63.A consumer spends ₹ "1,000" on a g...

[" 63.A consumer spends ₹ "1,000" on a good priced at "₹" 8per unit.When price rises by "25" per cent,the "],[" consumer continues to spend₹ "1,000" on the good.Calculate price elasticity of demand by percentage "],[" method."]

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A consumer spends ₹ 1,000 on a good piced at ₹ 8 per unit. When price rises by 25 per cent, the consumer contines to spend ₹ 1,000 on the good. Calculate price elasticity of demand percentage method.

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A consumer spends ₹1000 on a good priced at ₹ 10 per unit. When its price falls by 20 percent the consumer spends ₹ 800 on the good. Calculate price elasticity of demand by the percentage method.