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CAPF ACs 2019 Q14

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1. Suppose that the price of a commodity increases from ₹90 to ₹110 and the demand curve shows that the corresponding reduction in quantity demanded is from 240 units to 160 units. Then, the coefficient of the price elasticity of demand will be

1.0

2.4

0.5

2.0

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CAPF ACs 2019 Q14

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