Q. If the purchase price of 2BHK flat rises by 10 percent, the demand for such flats is observed to decrease by 8 percent. The price elasticity of the housing demand for 2BHK flats is
(rounded off to one decimal place).
Sol:
Q. If the purchase price of 2BHK flat rises by 10 percent, the demand for such flats is observed to decrease by 8 percent. The price elasticity of the housing demand for 2BHK flats is
(rounded off to one decimal place).
Sol:
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