Due to a rise in the price of a good by Rs. 5, its demand falls from 100 units to 95 units. Its priceelasticity of demand is (-) 1.2. Calculate the price before the change.
a) Rs. 20 b) Rs. 120
c) Rs, 100 d) Rs. 240
Answers
Answered by
0
Answer:
d) Rs. 240 is the answer
Similar questions