At Rs 26 per unit, the demand for a commodity is 30 units If the price increases from - Economics - The Theory of The Firm Under Perfect Competition

Question

At Rs 26 per unit, the demand for a commodity is 30 units If the
price increases from Rs 26 to Rs 30 per unit, the demand decreases
to 15 units Calculate the price elasticity of demand

Shruti Mishra · Accepted Answer

At Rs. 26 per unit, the demand for a commodity is 30 units. If the price increases from Rs. 26 to Rs. 30 per unit, the demand decreases to 15 units. Calculate the price elasticity of demand.