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10. The price of a commodity …

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10. The price of a commodity is `50 per unit and its quantity demanded is 500 units. Its price rises to 60 per unit and quantity demanded falls by 90 units. Calculate its price elasticity of demand. Is demand elastic? Give reason for your answer. [

    • Posted by Yashvi Keshari 1 year, 4 months ago

    CBSE > Class 11 > Economics
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