Q504
Consider the following demand schedule Price per unit (Rs.) Quantity demanded (000) 6 3 5 9 4 15 3 20 When price falls from Rs. 5 to Rs. 4, elasticity of demand can be expressed numerically as
Consider the following demand schedule
When price falls from Rs. 5 to Rs. 4, elasticity of demand can be expressed numerically as
| Price per unit (Rs.) | Quantity demanded (000) |
| 6 | 3 |
| 5 | 9 |
| 4 | 15 |
| 3 | 20 |
A.
3.75
B.
2.5
C.
3.3
AnswerD.
1.0
Answer: Option C
Solution
Answer: Option C
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