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What will be the effect of 10 percent rise in price of a good on its demand if price elasticity of demand is −1? - Economic Applications

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What will be the effect of 10 percent rise in price of a good on its demand if price elasticity of demand is −1?

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उत्तर

10 percent fall in demand

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अध्याय 2: Elasticity of Demand - QUESTION BANK [पृष्ठ ४५]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 2 Elasticity of Demand
QUESTION BANK | Q 14. (b) | पृष्ठ ४५
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 3 Elasticity of Demand
QUESTION BANK | Q 14. (b) | पृष्ठ ७७
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