Economics · Microeconomics

If the demand for a commodity increases from 30 units to 45 units when its price falls from ₹12 to ₹10, what will be the price elasticity of demand using the percentage/proportional method?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Correct answer

3.0

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Microeconomics?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Microeconomics

Which movement aimed to promote Khadi, a hand-spun and handwoven cloth native to India?

Who were prominent leaders associated with the initial phase of the Telangana Rebellion (1946-1951) against the Nizam's rule and feudal landlords?

What was the immediate trigger for the Revolt of 1857?

Related Practice Questions