Re: Gokhale Model Paper I

Posted by neha:) on Jun 04, 2014; 6:51pm
URL: http://discussion-forum.276.s1.nabble.com/Gokhale-Model-Paper-I-tp7591016p7591466.html

For B.6
Calculate elasticity.. it would be -0.5 P/ (50 - 0.5 P).
Now it would be inelastic in the range in which its absolute value is less than one.
Hope that helps..