If price of an article decreases from Rs. 800 to Rs. 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is - 1.333 find Q1?
1
80 units
2
90 units
3
60 units
4
50 units
If price of an article decreases from Rs. 800 to Rs. 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is - 1.333 find Q1?