MCQOPTIONS
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| 1. |
If price of an article decreases from Rs. 800 to Rs. 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is - 1.333 find Q1? |
| A. | 80 units |
| B. | 90 units |
| C. | 60 units |
| D. | 50 units |
| Answer» D. 50 units | |