Menu

Kumar used to eat 30 samosas in a month when the price of each samosa was ₹12. When the price of samosa increased to ₹15 per piece, he eats only 20 samosas a month. What is the price elasticity of demand for samosa by Kumar?

WhatsAppTelegram
Kumar used to eat 30 samosas in a month when the price of each samosa was ₹12. When the price of samosa increased to ₹15 per piece, he eats only 20 samosas a month. What is the price elasticity of demand for samosa by Kumar?
Was this helpful?

Beyond the answer

    Leave a Reply

    Discover more from MCQ Questions

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    ✨Ask doubt
    ✨ Ask a Question AI×
    Chat on WhatsApp