Ayushi Asked a Question
August 23, 2020 9:26 pmpts 30 pts
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...
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