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प्रश्न
Price of jeans falls from ₹1000 to ₹700 and quantity demanded increases from 10 to 25 units. What type of demand does this represent?
विकल्प
Inelastic demand
Perfectly inelastic demand
Elastic demand
Unitary elastic demand
MCQ
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उत्तर
Elastic demand
Explanation:
When price fell, total expenditure increased from ₹10,000 to ₹17,500, meaning people bought significantly more. This indicates elastic demand (Ed > 1).
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