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A business currently selling 10 000 units of its product per...

This question belongs to Commerce Economics
Economics
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A business, currently selling 10,000 units of its product per month, plans to reduce the retail price from Rs. 1 to Rs. 0.90. It knows from previous experience that the price elasticity of demand for this product is (-) 1.5. Assuming no other changes, the sales the business can now expect each month will be:

Answer & Solution
Correct Answer: Option D
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