MCQOPTIONS
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| 1. |
\(\)Price of an article decreases from Rs 40 to Rs 30 when quantity demanded increases from 1000 units to Q2 units. If point elasticity of demand is -0.8, then what is the value of Q2? |
| A. | 900 |
| B. | 800 |
| C. | 1200 |
| D. | 1100 |
| Answer» D. 1100 | |