Price of good rises by 10% As a result demand falls by 40% Find out price elasticity of - Economics - Unit IV- Comparative Development Experiences of India and its Neighbours

Question

Price of good rises by 10% As a result demand falls by 40% Find out
price elasticity of demand Is this demand elastic or non elastic??

Dharmendra Kumar Maheshwari · Accepted Answer

Price of good rises by 10%. As a result demand falls by 40%. Find out price elasticity of demand. Is this demand elastic or non elastic??