ECONOMICS (CBSE/UGC NET)

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ECONOMICS

ELASTICITY OF DEMAND

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A consumer buys 50 units of a good at Rs 4 per unit. When its price falls by 25% its demand rises to Rs 100 units. Find out the elasticity of demand.
A
-2
B
-4
C
-3
D
-1
Explanation: 
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