If change in price and change in expenditure are in the same direction,

Question 1

If change in price and change in expenditure are in the same direction, then what will be the price elasticity of demand?

Question 2

If change in price and change in expenditure are in the same direction, the price elasticity of demand is less than one, i.e., less elastic demand. (Ped <1).

kratos · Answer 1 · 2020-07-23T22:20:26+0000

If change in price and change in expenditure are in the same direction, the price elasticity of demand is less than one, i.e., less elastic demand. (Ped <1).

If change in price and change in expenditure are in the same direction,

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

If change in price and change in expenditure are in the same direction,

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions