## A Consumer Buys 40 Units Of A Good At A Price Of Rs. 3 Per Unit. When The Price Rises To Rs. 4 Per Unit He Buys 30 Units. Calculate The Price Elasticity Of Demand By The Total Expenditure Method.

A consumer buys 40 units of a good at a price of Rs. 3 per unit. When the price rises to Rs. 4 per unit he buys 30 units. Calculate the price elasticity of demand by the total expenditure method.

asked Jul 02 11:58:23 AM