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Commerce · Q1089

Economics

Graduate and Post Graduate · Commerce · question 1089

Q1089

What should be price elasticity of demand by proportionate method if Q1 = 20000, Q2 = 25000; P1 = Rs. 10; P2 = Rs. 8?

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

Answer: Option A

Solution

Answer: Option A
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