What is price elasticity of demand ? Find price elasticity of the fractional demand f(x) =(x-1)/(x+1)

Question : What is price elasticity of demand ? Find price elasticity of the fractional demand f(x) =(x-1)/(x+1) Solution : Price elasticity of demand: The price elasticity of demand is the percentage change in quantity demanded denoted by f(x), divided…

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