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Previous Year SSC CHSL 2017 Tier I Questions

If price of an article decreases from Rs. 12 to Rs. 10, quantity demanded increases from 1000 units to 1400 units. Find point elasticity of demand?

[A] 2.4
[B]-2
[C] -2.4
[D] 2

Answer & Explanation

Answer: Option [C]

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