Blue berry pharmaceuticals in Bangladesh has decided to increase their yearly spending advertisement from 10 Millions to 20 Millions, the amount of anti-ulcerant drug demanded increases from 10 lacks box to 20 lacks box. Calculate the following : 1) Price elasticity of demand (PED)?  2)Is the product elastic or in-elastic in regard to advertisement?  Please answer at your own words.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 5SQP: Suppose a university raises its tuition from 3,000 to 3,500. As a result, student enrollment falls...
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Blue berry pharmaceuticals in Bangladesh has decided to increase their yearly spending advertisement from 10 Millions to 20 Millions, the amount of anti-ulcerant drug demanded increases from 10 lacks box to 20 lacks box. Calculate the following :

1) Price elasticity of demand (PED)? 

2)Is the product elastic or in-elastic in regard to advertisement? 

Please answer at your own words. 

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