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When price of a good falls by 10 percent...

When price of a good falls by 10 percent , its quantity demanded rises from 40 units to 50 units. Calculate price elasticity of demand by the percentage method.

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When price of a commodity X falls by 10 percent , its demand rises from 150 units to 180 units. Calculate its price elasticity of demand . How much should be the percentage fall in its price so that its demand rises from 150 to 210 units.

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