Calculate the price elasticity of demand coefficient for mr


Suppose the quantity of fish purchased by Mr Singh family is 21 kilos per year when the price is $11.50 per kilo and 17 kilos per year when the price is $20.50 per kilo. Calculate the price elasticity of demand coefficient for Mr. Singhs family.

Solution Preview :

Prepared by a verified Expert
Business Economics: Calculate the price elasticity of demand coefficient for mr
Reference No:- TGS02942431

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)