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if-price-an-article-decreases-from-rs-25-to=20-quantity-demanded-increases-from-q1-units-to-1500

Question

If price of an article decreases from Rs. 25 to Rs. 20, quantity demanded increases from Q1 units to 1500 units. If point elasticity of demand is -1.25, ﬁnd Q1?

A 900 units

B 1200 units

C 1800 units

D 2000 units

Answer & Explanation
Answer: Option [B]

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