If price of an article decreases from Rs 800 toÂ Rs 700, quantity de – McqOptions

MCQOPTIONS

1.	If price of an article decreases from Rs 800 toÂ Rs 700, quantity demanded increases from Q1 units to 70Â units. If point elasticity of demand is -1.333 find Q1?
A.	80 units
B.	90 units
C.	60 units
D.	50 units
Answer» D. 50 units

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