Home
Class 11
ECONOMICS
Suppose price elasticity of demand for a...

Suppose price elasticity of demand for a good is -0.2. if there is 5% increase in price of the good, by what percentage will the demand for the good go down ?

Promotional Banner

Similar Questions

Explore conceptually related problems

The price elasticity of demand for a good is -0.4 if its price increases by 5 percent, by what percentage will its demand fall ? Calculate.

P.e_(D)= (-) 0.2 if price incerases by 8% , by what percent will the demand for the good go down.

Suppose price elasticity of demand for a good is -0.2. How will the expenditure on good be affected if there is 10% increase in price of the good ?

P.e_(D) for a good is (-) 0.4. if its price increases by 5% by what percentage will its demand fall ?