The demand of a commodity is 20 units when the prevailing


Kindly find the arch and point elasticity

Question: The demand of a commodity is 20 units when the prevailing market price is $80 per unit. However the price per unit rises to $100 the quantity demanded rises to 50 units.

Solution Preview :

Prepared by a verified Expert
Macroeconomics: The demand of a commodity is 20 units when the prevailing
Reference No:- TGS01492768

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)