Q. If price of an article decreases from Rs 80 to Rs 60, quantity demanded increases from 600 units to 750 units. Find point elasticity of demand?
A) 1
B) -1
C) 1.25
D) -1.25
✔ Correct Answer: -1
Exam Insight
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A) 1
B) -1
C) 1.25
D) -1.25
✔ Correct Answer: -1
-
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