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A consumer purchased 10 units of a commo...

A consumer purchased 10 units of a commodity when its price was ₹ 5 per unit. He purchased 12 units of the commodity when its price fell to ₹ 4 per unit. What is the price elasticity of demand for the commodity ?

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A consumer spends Rs. 80 on a commodity when its price is Rs. 1 per unit and spends Rs. 96 when the price is Rs. 2 per unit . What is the price elasticity of demand for the commodity ? Note : By dividing expenditure with the price we can get the quantity demanded.

A consumer spends ₹ 80 on a commondity when its price is ₹ 1 per unit and spends ₹ 96 when its price is ₹ 2 per unit. Calculate price elasticity of demand for the commodity by the percentage method ?

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