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A discount store has a special offer on CDs. It reduces their price from Rs.150 to Rs.100.Suppose the store manager observes that the quantity demanded increases from 700 CDs to 1,300 CDs. What is the price elasticity of demand for CDs? (Use arc Elasticity Method)a).8b)1.0c)1.25d)1.50Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A discount store has a special offer on CDs. It reduces their price from Rs.150 to Rs.100.Suppose the store manager observes that the quantity demanded increases from 700 CDs to 1,300 CDs. What is the price elasticity of demand for CDs? (Use arc Elasticity Method)a).8b)1.0c)1.25d)1.50Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A discount store has a special offer on CDs. It reduces their price from Rs.150 to Rs.100.Suppose the store manager observes that the quantity demanded increases from 700 CDs to 1,300 CDs. What is the price elasticity of demand for CDs? (Use arc Elasticity Method)a).8b)1.0c)1.25d)1.50Correct answer is option 'D'. Can you explain this answer?.

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