Suppose the price of mangoes increases from Rs. 50 per kg to Rs. 75 kg – McqOptions

MCQOPTIONS

1.	Suppose the price of mangoes increases from Rs. 50 per kg to Rs. 75 kg. Due to this, the demand for mangoes declines from 100 kg to 50 kg. Which one of the following is the price elasticity of demand for mangoes
A.	4
B.	3
C.	2
D.	1
Answer» E.

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