At a price of Rs11.00, quantity demanded is 90; and at a price of Rs.9.00, quantity demandedis 110. The price elasticity of demand is:

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Question:

At a price of Rs11.00, quantity demanded is 90; and at a price of Rs.9.00, quantity demandedis 110. The price elasticity of demand is:

A.

0.8

B.

1

C.

1.5

D.

-1.22

Answer» d. -1.22

Note: The above multiple-choice question is for all general and Competitive Exams in India.