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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?
From India, Belgaum
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.

From United Kingdom
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