Let the slope of demand curve be 0 5 Calculate Ed when initial price is Rs 20 and initial - Economics - Theory of Consumer Behaviour

Question

Let the slope of demand curve be 0 5 Calculate Ed when initial
price is Rs 20 and initial quantity is 50 units of the commodity
Draw demand curve on the basis of the value of Ed

Vanita Rana · Accepted Answer

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Let the slope of demand curve be 0.5. Calculate Ed when initial price is Rs.20 and initial quantity is 50 units of the commodity. Draw demand curve on the basis of the value of Ed.