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Management · Q159

Managerial Economics

Graduate and Post Graduate · Management · question 159

Q159

The following is the demand function: Q = 100 - 5P, What will be the point price elasticity of demand at price Rs. 10?

A.
2.00
B.
1.00
Answer
C.
0.85
D.
0.50

Answer: Option B

Solution

Answer: Option B
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