As a result of 25% increase in price ,price elasticity of demand remained unity Find the percentage change in quantity - Economics - The Theory of The Firm Under Perfect Competition

Question

As a result of 25% increase in price ,price elasticity of demand
remained unity Find the percentage change in quantity demand?

Kavya Shabu · Accepted Answer

ed = % change in demand / %change in price
1 = %change in demand / 25%
==> 25% = %change in demand

As a result of 25% increase in price ,price elasticity of demand remained unity.Find the percentage change in quantity demand?