The original price of commodity is Rs.500 and quantity demanded is 20 – McqOptions

MCQOPTIONS

1.	The original price of commodity is Rs.500 and quantity demanded is 20 kgs.If price rises to Rs.750 and quantity demanded reduces to 15 kgs, price elasticity of demand is _____
A.	0.25
B.	0.50
C.	1.00
D.	1.50
Answer» C. 1.00

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