Q. If price of an article decreases from P1 to Rs 25, quantity demanded increases from 900 units to 1200 units. If point elasticity of demand is 2 find P1?
A) Rs. 30
B) Rs. 20
C) Rs. 35
D) Rs. 25
✔ Correct Answer: Rs. 30
Exam Insight
-
A) Rs. 30
B) Rs. 20
C) Rs. 35
D) Rs. 25
✔ Correct Answer: Rs. 30
-
Explore educational articles, current affairs, science, technology, history, politics, business and hundreds of learning resources organized into categories.
Explore the most searched educational topics.
Explore Sarkari Jobs, Admit Cards & Results easily on TutorliV
Practice topic-wise MCQs for competitive exams like SSC, UPSC, Banking & more.