If price of an article decreases from Rs 600 to Rs 500, when quantity – McqOptions

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1.	If price of an article decreases from Rs 600 to Rs 500, when quantity demanded increases from 10000 units to 12000 units. Find point elasticity ofÂ demand?
A.	-1.2
B.	1.2
C.	-1.5
D.	1.5
Answer» B. 1.2

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