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Q 2. Calculate Price elasticity of demand of product A and B and complete the table given below. YEAR PRICE of Product A Quantity Traded
Q 2.Calculate Price elasticity of demand of product A and B and complete the table given below.
YEAR | PRICE of Product A | Quantity Traded Product A | Total revenue for Product A | PRICE of Product B | Quantity Traded Product B | Total revenue for Product B |
1 | $ 8 | 1000 | $ 25 | 300 | ||
2 | $ 10 | 1100 | $ 22 | 350 |
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