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When price of a commodity AT falls by 10 per cent, its demand rises from 150 units to 180 units.

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When price of a commodity AT falls by 10 per cent, its demand rises from 150 units to 180 units. Calculate its price elasticity of demand. How much should be the percentage fall in its price so that its demand rises from 150 to 210 units ?

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Original demand = 150 units 

New demand = 180 units 

Change in demand = 180 – 150 = 30 units

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