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Due to a rise in the price of a good by Rs.5, its demand decreases from 100 units to 95 units. Its price elasticity of demand is 1.2. Calculate the price before the change.a)Rs.20b)Rs.100c)Rs. 120d)Rs. 240Correct answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared
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the Commerce exam syllabus. Information about Due to a rise in the price of a good by Rs.5, its demand decreases from 100 units to 95 units. Its price elasticity of demand is 1.2. Calculate the price before the change.a)Rs.20b)Rs.100c)Rs. 120d)Rs. 240Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam.
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Due to a rise in the price of a good by Rs.5, its demand decreases from 100 units to 95 units. Its price elasticity of demand is 1.2. Calculate the price before the change.a)Rs.20b)Rs.100c)Rs. 120d)Rs. 240Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Due to a rise in the price of a good by Rs.5, its demand decreases from 100 units to 95 units. Its price elasticity of demand is 1.2. Calculate the price before the change.a)Rs.20b)Rs.100c)Rs. 120d)Rs. 240Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Due to a rise in the price of a good by Rs.5, its demand decreases from 100 units to 95 units. Its price elasticity of demand is 1.2. Calculate the price before the change.a)Rs.20b)Rs.100c)Rs. 120d)Rs. 240Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Due to a rise in the price of a good by Rs.5, its demand decreases from 100 units to 95 units. Its price elasticity of demand is 1.2. Calculate the price before the change.a)Rs.20b)Rs.100c)Rs. 120d)Rs. 240Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Commerce tests.