Calculate elasticity of demand :
Given : That a 20% increase in the price of Bread causes the amount of Bread you buy to fall by 40%
A. | 0.5 |
B. | 4 |
C. | 2 |
D. | 6 |
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. |