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?
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؟
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.