Suppose the price elasticity of demand for text books is two and the price of the text book is increased by 10%. By how much does the quantity demand fall ? Inter the result and discuss reasons for the fall in quantity demand?
Cite.Co is a repository of information created by your industry peers and experienced seniors made possible with help from our prime sponsors like:

TALENTEDGE Who provide a platform for "interactive anywhere learning". Courses from top reputed institutes like IIM, XLRI, MICA. View Courses

FACTOHR - Provides Customised Payroll, GPS Enabled Attendance, Travel, Performance Management, HRMS that can help streamline your organisation. Explore Features

Register Here and help by adding your inputs. Contributions From Other Members Follow Below...
Are you expecting us to answer yopur homework?
The same question has been raised by others on LnkedIn, etc and received the following reply from Martin Thomas a consultant
"you did this before and didn't get much in the way of answer because this is not hte place to get people to do your homework for you."

Please search the web using key words from your query and you may find some explantions.
Have a nice day

Simhan

You didn't even change the question. It's straight out of a schoolbook.
Add Reply Start A New Discussion






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™