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  3. 12th Class
  4. Economics

12th Class Economics Sample Paper Economics - Sample Paper-13

  • question_answer
    Draw the demand schedule for a commodity whose elasticity of demand is unitary. Do war goods have elastic demand?                                         Or Price elasticity for a commodity X is -1. The demand for X is 100 units at Rs.4. The rises and as a result its demand falls to 75 units. Find out the new price.         

    Answer:

    Rs.5


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