The coefficient of price elasticity of demand for a commodity is 0.2. when price
Channel: Doubtnut
Date: 2020-05-03

The coefficient of price elasticity of demand for a commodity is 0.2. when price was ₹ 10 per unit. The quantity demanded was 40 units. If the price falls to ₹ 5 per unit, how much will be its quantity demanded ?