Given own price elasticity equal to -2.5 implies that if the price of the good increase by Rs.10 then the quantity demanded of the good?
اپنی قیمت کی لچک کو -2.5 کے برابر دینے کا مطلب یہ ہے کہ اگر سامان کی قیمت میں 10 روپے کا اضافہ ہوتا ہے تو اچھی کی مانگ کی گئی مقدار؟
Answer: None of these
Explanation
Given own price elasticity equal to -2.5 implies that if the price of the good increases by Rs. 10, then the quantity demanded of the good Will decrease by 25% of initial quantity.
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