MCQOPTIONS
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| 1. |
If price of an article decreases from Rs.800 to Rs.750, when quantity demanded increases from Q1 units to 2250 units, and if point elasticity of demand is -2 find Q1? |
| A. | 2400 units |
| B. | 2000 units |
| C. | 1800 units |
| D. | 1500 units |
| Answer» C. 1800 units | |