Economics · Elasticity of Demand
What is the point price elasticity of demand when price is ₹12 for the demand function P = 60 - 3q?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1-0.5
- 2-0.25✓
- 30.5
- 40.25
Correct answer
-0.25
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