When the price of the chocolates is Rs 1 each, X is willing to buy 10 chocolates and Y is willing to sell 10 Chocolates. When they cost Rs 1.50 each, X is willing to buy 6 chocolates and Y is willing to sell 20. What is X’s price elasticity of demand?
1
2
2
1.5
3
0.5
4
0.8