sesethupasiwe sesethupasiwe

10-05-2024
Mathematics

Answered

3.4
Use the scenario below to calculate the Ped (PRICE ELASTICITY OF
DEMAND):
If the price a product increases from R200 to R250 then demand falls from R450
to 300 units. Calculate Ped (PRICE ELASTICITY OF DEMAND) and determine
the degree of elasticity.
(4)
[12]

Answer :

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