If price of an article decreases from Rs. 12 to Rs. 10, quantity demanded increases from 1000 units to 1400 units. Find point elasticity of demand?

🎲 Try a Random Question  |  Total Questions in Quiz: 1128  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
SSC CGL General Awareness Questions — practice the complete quiz, review flashcards, or try a random question.

1100+ Previosuly asked questions.
Combined Graduate Level Examination (CGLE) is a national-level examination conducted by SSC to recruit suitable candidates for different Group B and Group C posts under Government of India.

If price of an article decreases from Rs. 12 to Rs. 10, quantity demanded increases from 1000 units to 1400 units. Find point elasticity of demand?