unit-4-demand-function-and-elasticity

Unit-4 Demand Function and Elasticity

In this unit we will be focussing on the consumer’s demand function for a good .

For the following demand schedule find the direction of elasticity when price falls from Rs.10 to Rs.9; Rs.9 to Rs.8; Rs.8 to Rs.7; Rs. 7 to Rs. 6 using outlay method.

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