Economics Assignment Help, Economics Homework Help, Economics Project Help

Sometime it is so easy and interesting to solve problems related toEconomics Assignment from the beginning of your academics session. But it totally depend on the fact that how much time you are giving to the topic and how much interested you are regarding the topic.
The simplest way to learn Economics Homework help is that always try to implement the problems in real life problems and visualize how you will reach up to the solution. Here is an example of Economics Assignment Help, Economics Homework Help problem:
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What is the definition of Elasticity of Demand also explain with numerical example.
The elasticity of price/demand may calculated by using the formula:

Ep = % change in quantity in demand
% change in price
Here is a numerical example explaining the elasticity of demand :
The price of a product if $8 and the demand at the price is 10 units. If the price reduces to $3 the demand is increased to the 30 units. Calculate Price Elasticity:

Price Change = $8 -$3 = $5
Quantity Change = 10- 30 =- 20
Ep =% change in quantity in demand
% change in price
= - 20 x 8 = -3.2
5 x 10
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