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The price of Fruits in a market is RO 5 per Kg and the demand is 400Kgs. When price decreased to RO 4 per Kg, then the demand changed to 520 Kgs. What will be the price elasticity of demand?

The price of Fruits in a market is RO 5 per Kg and the demand is 400Kgs. When price decreased to RO 4 per Kg, then the demand changed to 520 Kgs. What will be the price elasticity of demand?

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answered by: Bhargav Agravat
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The price of Fruits in a market is RO 5 per Kg and the demand is 400Kgs. When price decreased to RO 4 per Kg, then the demand changed to 520 Kgs. What will be the price elasticity of demand?
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