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This question belongs to Commerce Economics
Economics
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Match the following:
List-I List-II
a. For a given 10% change in price, demand changes by 0% 1. e > 1
b. For a given 10% change in price, demand changes by 5% 2. e = 1
c. For a given 10% change in price demand changes by 10% 3. e < 1
d. For a given 10% change in price, demand changes by 20% 4. e = 0

Answer & Solution
Correct Answer: Option B
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