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Price of a good rises by 25 per cent but there is no effect on demand of the good due to this price rise. Calculate price elasticity of demand.

+1 vote

asked Mar 27, 2019 in Class 12 by kratos

Price of a good rises by 25 per cent but there is no effect on demand of the good due to this price rise. Calculate price elasticity of demand.

class-12
cbse
demand and elasticity demand

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1 Answer

+3 votes

answered Dec 6, 2020 by kratos

Best answer

Elasticity of Demand is zero.

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