Price of an article decreases from Rs 40 to Rs 30 when quantity demanded increases from 1000 units to Q2 units. If point elasticity of demand is -0.8, then what is the value of Q2?
1
900
2
800
3
1200
4
1100
Price of an article decreases from Rs 40 to Rs 30 when quantity demanded increases from 1000 units to Q2 units. If point elasticity of demand is -0.8, then what is the value of Q2?