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Demand for a product X decreases from 60units to 40 units when the price of product Y decrease this to 10 taka from 12 taka.

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Demand for a product X decreases from 60units to 40 units when the price of product Y decrease this to 10 taka from 12 taka. Find the elasticity of demand and comment of the result.

Demand for a product decreases from 150 units to 100 units when income increase to 1600 taka from 1200 taka. Find the income elasticity if demand and comment on the result .

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ace CHOSS Price Elasticity P2 - P Income Elasticit H 1 Iz

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