# From the table below, calculate price elasticity of demand if price falls from Rs. 5 to Rs. 3 per unit.

16 views

From the table below, calculate price elasticity of demand if price falls from Rs. 5 to Rs. 3 per unit.

 Price Demand 6 3000 5 4500 4 5500 3 6000

+1 vote
by (73.7k points)
edited by

Price elasticity of demand = 0.82