MCQOPTIONS
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| 1. |
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 |
| Answer» B. 1 | |