MAY 2025Foundation
A consumer buys 100 units of a goods at a price of ₹ 6 per unit. Suppose price elasticity of demand is-3. At what price will he buy 80 units?
A
(A) ₹ 5.8
B
(B) ₹ 6.2
C
(C) ₹ 6.4
D
(D) ₹ 6.75
A consumer buys 100 units of a goods at a price of ₹ 6 per unit. Suppose price elasticity of demand is-3. At what price will he buy 80 units?
(A) ₹ 5.8
(B) ₹ 6.2
(C) ₹ 6.4
(D) ₹ 6.75