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The demand of a product at the rate of10 is 100 units. When the rate is decreased to8 per unit, the demand rises to 130 units. What is the elasticity of demand according to the total expenditure method?a)Unitaryb)Less than unitaryc)More than unitaryd)None of theseCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The demand of a product at the rate of10 is 100 units. When the rate is decreased to8 per unit, the demand rises to 130 units. What is the elasticity of demand according to the total expenditure method?a)Unitaryb)Less than unitaryc)More than unitaryd)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The demand of a product at the rate of10 is 100 units. When the rate is decreased to8 per unit, the demand rises to 130 units. What is the elasticity of demand according to the total expenditure method?a)Unitaryb)Less than unitaryc)More than unitaryd)None of theseCorrect answer is option 'C'. Can you explain this answer?.

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