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Price of a good 'X' reises from ₹ 20 p...

Price of a good 'X' reises from ₹ 20 per unit to ₹ 40 per unit. The consumer buys the same quantity, he bought at ₹20 per unit. What would be price elasticity of demand.

A

infinity

B

zero

C

one

D

less than one.

Text Solution

Verified by Experts

The correct Answer is:
A
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