Question

The Price of a tiffin box is Rs. 100 per unit and the quantity demanded in a market is 1,25,000 units . Company increased the price to Rs.125 per unit due to this increase in price quantity demanded decreases to 1,00,000 units. What will be price elasticity of demand ______ a) 1.25 b) 0.80 c) 1.00 d) None

Answer 1

a))). 1.25. ..

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Answer 2

1.25

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