The quantity demanded of a commodity at a price of rs 8 per unit is 500 units. Its price falls to rs 6 and as a result its quantity demanded rises to 600 units. Calculate its price elasticity.
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The quantity demanded of a commodity at a price of rs 8 per unit is 500 units. Its price falls to rs 6 and as a result its quantity demanded rises to 600 units. Calculate its price elasticity.and the answer is
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