If the price of a commodity reduces from ₹ 200 to ₹ 150, calculate the new quantity demanded assuming that price elasticity of demand is 2.5 and the…
CA Foundation · Business Economics · PYQS · May 2026
If the price of a commodity reduces from ₹ 200 to ₹ 150, calculate the new quantity demanded assuming that price elasticity of demand is 2.5 and the original quantity demanded is 25 Kgs.
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 40.625Kgs
Topics: Theory of Demand and Supply
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