If price of an article decreases from Rs P1 to Rs 190, when quantity d – McqOptions

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1.	If price of an article decreases from Rs P1 to Rs 190, when quantity demanded increases from 5000 units to 5200 units, and if point elasticity of demand isÂ -0.8 find P1?
A.	Rs 220
B.	Rs 240
C.	Rs 200
D.	Rs 250
Answer» D. Rs 250

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