The purchase price of 2BHK flat rises 10 percent, the demand for such – McqOptions

MCQOPTIONS

1.	The purchase price of 2BHK flat rises 10 percent, the demand for such flats is observed to decrease by 8 percent. The given elasticity of the housing demand for 2BHK flats is _____ (rounded off to one decimal place).
A.	0.08
B.	0.8
C.	8
D.	80
Answer» C. 8

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