A consumer spends ₹ 1,000 on a good piced at ₹ 8 per unit.  When price rises by 25 per
Channel: Doubtnut
Date: 2020-05-03

A consumer spends ₹ 1,000 on a good piced at ₹ 8 per unit.  When price rises by 25 per cent, the consumer contines to spend ₹ 1,000 on the good. Calculate price elasticity of demand percentage method.