Question

If a good is priced at Rs 180 per unit and its price is increased to Rs. 240 per unit. Now suppose
quantity demanded previously was 100 units and as a result of price increase, the quantity
demand fell to 80 units. What is the price elasticity?

(a) 777
(b) 1.4
(c). 1
(d) . 8​

Answer 1

Answer:

8

Explanation:

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