The Price Of Fruits In A Market Is RO 5 Per Kg And The Demand Is 400Kgs. When Price Decreased To RO 4 Per Kg, Then The Demand Changed To 520 Kgs. What Will Be The Price Elasticity Of Demand?
The price of Fruits in a market is RO 5 per Kg and the demand is400Kgs. When price decreased to RO 4 per Kg, then the demandchanged to 520 Kgs. What will be the price elasticity ofdemand?
