A rise in the price of a certain commodity from 20 to 25
A rise in the price of a certain commodity from $20 to $25 reduces quantity demanded from 25,000 to 10,000 units. Calculate the price elasticity of demand, using the mid-point approach.
Now Priced at $10 (50% Discount)
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a rise in the price of a certain commodity from 20 to 25 reduces quantity demanded from 25000 to 10000 units calculate
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