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Price increases from 10 to 12 pence and the price elasticity of demand is -0.5 The quantity demanded was 500 units. What will it be now ?

/ Economics Mcqs, Supply and Demand / By
Price increases from 10 to 12 pence and the price elasticity of demand is -0.5 The quantity demanded was 500 units. What will it be now ?

A. 550 units
B. 500 units
C. 450 units
D. 490 units