Q. If price of an article decreases from Rs 600 to Rs 500, when quantity demanded increases from 10000 units to 12000 units. Find point elasticity of demand?
A) 1.2
B) -1.2
C) 1.5
D) -1.5
✔ Correct Answer: -1.2
Exam Insight
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A) 1.2
B) -1.2
C) 1.5
D) -1.5
✔ Correct Answer: -1.2
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