If price of “samosa” increases by 10% and its demand decreases to 10%, calculate the elasticity of demand.
A. equal to unitary Ed
B. Zero Ed
C. greater than unitary Ed
D. less than unitary Ed
Answer:A
If price of “samosa” increases by 10% and its demand decreases to 10%, calculate the elasticity of demand.
A. equal to unitary Ed B. Zero Ed C. greater than unitary Ed D. less than unitary Ed