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Commerce · Q1275

Economics

Graduate and Post Graduate · Commerce · question 1275

Q1275

If Q1 = 20,000, Q2 = 25,000, P1 = Rs. 10, P2 = Rs. 8 the price elasticity of demand will be proportionately to?

A.
1.20
B.
1.00
C.
1.25
Answer
D.
1.50

Answer: Option C

Solution

Answer: Option C
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