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Standard XII

Biology

Exponential Growth

There is 50...

Question

There is $50$ per cent fall in price of the commodity. But quantity demanded remains to be $150$ units. Find elasticity of demand.

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Solution

Here, elasticity of demand is zero because is response to decrease in price of the commodity, the quantity demanded remains the same, i.e., $150 u n i t s$ .

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There is 50 per cent fall in price of the commodity. But quantity demanded remains to be 150 units. Find elasticity of demand.

Here, elasticity of demand is zero because is response to decrease in price of the commodity, the quantity demanded remains the same, i.e., 150 units.

There is $50$ per cent fall in price of the commodity. But quantity demanded remains to be $150$ units. Find elasticity of demand.

Here, elasticity of demand is zero because is response to decrease in price of the commodity, the quantity demanded remains the same, i.e., $150 u n i t s$ .