If change in quantity demanded is 60% and change in advertisement expenditure is 20% then what will be the advertisement elasticity?
CA Foundation · Business Economics · PYQS · September 2024
If change in quantity demanded is 60% and change in advertisement expenditure is 20% then what will be the advertisement elasticity?
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. 3
Topics: Theory of Demand and Supply
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