Ms. Sabita purchased 5 pairs of shoes when its price was Rs. 1200 per pair. When the price per pair of that shoes rises to Rs. 1500 per pair she also purchased 5 pairs of that shoes. What can you say about the price elasticity of demand of those shoes for Sabita?
(a) Relatively elastic
(b) Relatively inelastic
c Perfectly elastic
(d) Perfectly inelastic
Answers
Answered by
0
Explanation:
Discount =20%
Selling price of the skates = Rs 1600
Marked price =
80
100
×1600= Rs 2000
Marked price = Rs 2000
Answered by
0
Option A
Explanation:
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