UGC NET
Ayushi Asked a Question
August 23, 2020 9:26 pmpts 30 pts
  • UGC NET
  • Economics

Question label multiple choice question 400 what will be price elasticity of demand at if the demand function is x== p 20 unit ? af e = i t ta htt t p = 20 gat

Question Label Multiple Choice Question 400 what will be price elasticity of demand at If the demand function is X== P 20 unit ? af e = I T Ta HTT T p = 20 gaT TR F Et? Options: PE=0 1. E=o 2 PE=1 3 Less or greate1 than uit 4
  • 1 Answer(s)
Answer Now
  • 0 Likes
  • 1 Comments
  • Shares
  • Nidhi taparia Best Answer
    Option (3) is correct. Refer to the attachment. Although on calculation, the value comes out to be -1, in elasticity we usually only refer to the absolute value. Hence elasticity...
    Show more
    • cropped8293904620242916065.jpg
    Likes(0) Reply(0)