1.If there is an increase in quantity demanded from 5655 units to 4402 units due to a change in price from $1872 to $237

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answerhappygod
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1.If there is an increase in quantity demanded from 5655 units to 4402 units due to a change in price from $1872 to $237

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1.If there is an increase in quantity demanded from 5655 units to 4402 units due to a change in price from $1872 to $2379.Calculate the price elasticity of demand(PED)
2.If there is an increase in quantity supplied from7931units to 8201 units because of a change in price from $1102 to $2345.Calculate the price elasticity of supply(PES)
3.If the price for good B has risen from $2250 to $3991,then the quantity demanded for good A has risen from 555 units to 9875 units.Calculate the Cross elasticity of demand(XED)
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