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:
![Determine the correctness (or otherwise) of the following Assertion [A] and the Reason [R]](https://www.gkseries.com/blog/wp-content/uploads/2023/10/Determine-the-correctness-or-otherwise-of-the-following-Assertion-A-and-the-Reason-R.jpg)
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