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If the price of a good increases by 10% and the quantity demanded decreases by 5%, the price elasticity of demand is:a)0.5b)1.0c)1.5d)2.0Correct answer is option 'C'. Can you explain this answer? for Delhi Police Constable 2025 is part of Delhi Police Constable preparation. The Question and answers have been prepared according to the Delhi Police Constable exam syllabus. Information about If the price of a good increases by 10% and the quantity demanded decreases by 5%, the price elasticity of demand is:a)0.5b)1.0c)1.5d)2.0Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Delhi Police Constable 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the price of a good increases by 10% and the quantity demanded decreases by 5%, the price elasticity of demand is:a)0.5b)1.0c)1.5d)2.0Correct answer is option 'C'. Can you explain this answer?.

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