Consider the following demand schedule
Price per unit (Rs.) Quantity demanded (000)
6 3
5 9
4 15
3 20
When price falls from Rs, 5 to Rs. 4, elasticity of demand can be expressed numerically as
| A. | 3.75 |
| B. | 2.5 |
| C. | 3.3 |
| D. | 1.0 |
Answer : C 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. |
