If the purchase price of 2BHK flat rises by 10 percent, the demand for such flats is observed to decrease by 8 percent
If the purchase price of 2BHK flat rises by 10 percent, the demand for such flats is observed to decrease by 8 percent. The price elasticity of the housing demand for 2BHK flats is

Q. If the purchase price of 2BHK flat rises by 10 percent, the demand for such flats is observed to decrease by 8 percent. The price elasticity of the housing demand for 2BHK flats is

                  (rounded off to one decimal place).

Sol:

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