Photosynthesis, the process by which green plants and certain other organisms transform light energy into chemical energy. During photosynthesis in green plants, light energy is captured and used to convert water, carbon dioxide, and minerals into oxygen and energy-rich organic compounds
A consumer spends ₹;60 on a good priced at ₹;5 per unit. When price falls by 20%,the consumer continues to spend ₹;60 on the good. Calculate price elasticity of Demand. The correct answer is-
A consumer spends ₹ 60 on a good priced at ₹ 5 per unit. When price falls by 20 per cent, the consumer continues to spend ₹ 60 on the good.
