A consumer buys 40 units of a good at Rs. 10 per unit when its price falls by 10%, its
demand rises to 25 units. Find out the price elasticity of demand.
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Explanation:
A consumer buys 40 units of a good at Rs. 10 per unit when its price falls by 10%, its
demand rises to 25 units. Find out the price elasticity of demand.
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