Consider the linear demand curve D(p) = 20 - 2p. What is the price elasticity of demand at price Rs.5? How do you define price elasticity of demand?

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Question

Consider the linear demand curve D(p) = 20 - 2p What is the price
elasticity of demand at price Rs 5? How do you define price
elasticity of demand?

Payal Goyal · Accepted Answer