Q. If price of an article decreases from Rs. 12 to Rs. 10, quantity demanded increases from 1000 units to 1400 units. Find point elasticity of demand?
A) -2
B) 2.4
C) 2
D) -2.4
✔ Correct Answer: -2.4
Exam Insight
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A) -2
B) 2.4
C) 2
D) -2.4
✔ Correct Answer: -2.4
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