When price of a commodity X falls by 10 per cent Its demand rises from 150 units to 180 units Calculate is price elasticity of demand How much should be the percentage fall in its price so that its demand rises from 150 to 210 units

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CBSE-Economics-Class-12-2017-->View question


Asked On2017-07-19 04:58:11 by:Aparna-Dasgupta

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Answers
Given that
Percentage fall in price = 10
Initial demand = 150
New demand = 180

Hence, the price will fall by 20% if the demand will increase from 150 to 210.


Answerd on:2017-07-20 Answerd By:milan-ransingh

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