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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
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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 is unity in this case.