If price of any commodity decreased by 20% and the demand for that commodity increased by 40%, then elasticity of demand would be
| A. | Perfectly elastic |
| B. | Perfectly inelastic |
| C. | Unit elastic |
| D. | Highly elastic |
Answer : D Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
