Q. If price of an article decreases from Rs 240 to Rs 220, when quantity demanded increases from 200 units to 210 units. Find point elasticity of demand?
A) -1.8
B) 0.6
C) 1.8
D) -0.6
✔ Correct Answer: -0.6
Exam Insight
-
A) -1.8
B) 0.6
C) 1.8
D) -0.6
✔ Correct Answer: -0.6
-
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.