Multiple Choice Questions on Find arc elasticity of demand if quantity demanded falls from 750 units to 650 units when price of t........... for SSC CHSL Preparation

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Multiple Choice Questions

Find arc elasticity of demand if quantity demanded falls from 750 units to 650 units when price of t...........

General Studies (CHSL) Indian Economy
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    Find arc elasticity of demand, if quantity demanded falls from 750 units to 650 units when price of the item is increased from Rs 15 to Rs 20?

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    Explanation:
    The arc price elasticity of demand measures the responsiveness of quantity demanded to a price. It takes the elasticity of demand at a particular point on the demand curve, or between two points on the curve.

    By: Barka Mirza
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