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if-price-of-an-article-decreases-from-p1-to
Q.
If price of an article decreases from P1 to Rs 25, quantity demanded increases from 900 units to 1200 units. If point elasticity of demand is 2 find P1?
[A] Rs. 20
[B] Rs. 30
[C] Rs. 35
[D] Rs. 15
Answer & Explanation
Answer: Option [B]
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