Managerial Economics and Ethics MCQ - Managerial Economics Quiz
34
Consider the following demand schedule
When the price falls from Rs, 5 to Rs. 4, the elasticity of demand can be expressed numerically as
| Price per unit (Rs.) | Quantity demanded (000) |
| 6 | 3 |
| 5 | 9 |
| 4 | 15 |
| 3 | 20 |
