If ratio between the change in price & change in quantity demanded is 0.25. The consumer demands 100 units at an initial price of Rs 10 per unit. Calculate the price elasticity of demand.
(
This question was previously asked in
Shift 30/05/2023 8:30 AM - 10:30 AM
A
(-) 0.025
B
(-) 0.040
C
(-) 0.40
D
(-) 0.25
Correct Answer
(-) 0.40
Detailed Explanation
.
Get Dubuddy App
Practice on the go with our mobile app
More CUET Questions
1
'An enquiry into the nature and cause of the wealth of Nations' is authored by: (
2
'The ratio of total money supply to the stock of high powered money in an economy' is referred
to:
(
3
Poverty can be eradicated from India when the poor also start contributing to growth by their active involvement in the growth process. This is possible through:
(
4
The Great leap forward campaign initiated by China aiming :
(
Test Series
CUET Subjects
Your CUET Journey Starts with DuBuddy
CUET ki Practice Means DuBuddy Pe Practice