When the price of a product falls by 10% and its demand rises by 30%, then the elasticity of demand is

When the price of a product falls by 10% and its demand rises by 30%, then the elasticity of demand is

Q. When the price of a product falls by 10% and its demand rises by 30%, then the elasticity of demand is _________.

13

3

10

30

Answer: 3

Demand and Supply MCQs
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