Economy, asked by himawari6567, 8 months ago

If a good is priced at Rs. 180 p.u. and its price is increased to Rs. 240 p.u. Now suppose quantity demanded previously was 100 units and as a result of price increase, the quantity demanded fell to 80 units. What is the price elasticity? (a) . 777 (b) 1.4 (c) 1 (d) . 8

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Answered by Swezzer

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OPTION (C)

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