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Comment upon E(P) when price falls from ...

Comment upon `E_(P)` when price falls from (a) Rs. 6 to Rs. 5 , (b) Rs. 5 to Rs. 4 and (c ) Rs. 4 to Rs. 3.
`{:("Price (Rs.)"," Demand "),(" "6," "100),(" "5," "110),(" "4," " 150),(" "3," " 200):}`

Text Solution

Verified by Experts

The correct Answer is:
(a) `-0.6`
(b) `2.27`
( c) `-1.33`
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