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Price of a good rises from ₹ 7 per unit...

Price of a good rises from ₹ 7 per unit to ₹ 9 per unit but its demand remains unchanged. Calculate price ealsticity of demand.

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When price of a good falls from ₹ 15 per unit to ₹ 12 per unit. Its demand rises by 25 percent. Calculate price elasticity of demand.

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