Economics · Economics
If the price of a commodity decreases from ₹5 to ₹4 per unit, and as a result, the quantity demanded increases from 20 units to 25 units, what is the price elasticity of demand?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11.50
- 21.25✓
- 30.8
- 40.25
Correct answer
1.25
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