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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 according to 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. Find important definitions, questions, meanings, examples, exercises and tests below 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?.

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