Question

Match the statements given under A with the correct options given under B.

(A)	(B)
(i) Rise in Price = 3%, Fall in Demand = 6%	a. Price Elasticity of Demand = (−) 0.2
(ii) Rise in Price = 8%, Fall in Demand = 4%	b. Price Elasticity of Demand = (−) 2
	c. Price Elasticity of Demand = (−) 5
	d. Price Elasticity of Demand = (−) 0.5

Answer 1

(A)	(B)
(i) Rise in Price = 3%, Fall in Demand = 6%	b. Price Elasticity of Demand = (−) 2
(ii) Rise in Price = 8%, Fall in Demand = 4%	d. Price Elasticity of Demand = (−) 0.5