If price of an article decreases from Rs P1 to Rs 75, quantity demande – McqOptions

MCQOPTIONS

1.	If price of an article decreases from Rs P1 to Rs 75, quantity demanded increases from 1000 units to 1200 units. If point elasticity of demand is Â3.2 findmP1?
A.	Rs 85
B.	Rs 80
C.
D.	Rs 95
Answer» C.

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