Hi Friends,
Can any one help me to solve this question. I have tried using the formula given in material but it is of no use. Im not getting the answer. One of mh friend needs to know it.
Thanks in advance friendz..... Hope u ll try to solve this !
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Cpt - economics question
Replies (3)
Plz check this file for clear reference of above questions
formula is ep = q2-q1/q2+q1 * p2+p1/p2-p1
1).ep =300-200/300+200 * 200+120/200-120 = 0.8 (b)
2). ep = 5000-3000/5000+3000 * 300+200/300-200 = 1.25 (c).
3). ep = 1300-700/1300+700 * 150+100/150-100 = 1.50 (d).
4). ep = 700-100/700+100 * 100+60/100-60 = 3 (d)
Thanks swathi... but the formula is wrong which is given in material then !
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