Question
Explain any six factors determining price elasticity of demand.
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| Price (₹) | Quantity Demanded by Isla (Units) | Quantity Demanded by Ifraah(Units) | Quantity Demanded by Ila (Units) | Quantity Demanded by Ibema (Units) |
| 1 | 16 | 7 | 15 | 8 |
| 2 | 11 | 6 | 12 | 6 |
| 3 | 7 | 5 | 9 | 4 |
| 4 | 4 | 4 | 6 | 2 |
| 5 | 2 | 3 | 3 | 0 |
| 6 | 1 | 2 | 0 | 0 |
| X | 10 | 20 | 30 | 40 | 50 | 60 |
| Frequency | 4 | 6 | 9 | 8 | 5 | 10 |
|
X
|
$2$
|
$3$
|
$4$
|
$5$
|
$6$
|
$7$
|
$8$
|
|
Y
|
$4$
|
$7$
|
$8$
|
$9$
|
$10$
|
$14$
|
$18$
|
| Commodity | W | $P_0$ | $P_1$ |
| 2012 | 2016 | ||
|
A
|
10
|
15
|
20
|
|
B
|
8
|
10
|
12
|
|
C
|
6
|
5
|
8
|
|
D
|
6
|
10
|
13
|
|
E
|
4
|
4
|
5
|