Price increases from 10 to 12 pence and the price elastic... — Answer & Explanation | PrepBeePakistan

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HomeMCQsEconomics

MEDIUMENGLISHEconomics

Price increases from 10 to 12 pence and the price elasticity of demand is -0.5 The quantity demanded was 500 units. What will it be now ?

Correct answer: C

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