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SOLVED: Find the arc elasticity of demand if the quantity demanded falls from 4600 to 4200 when the price of the item is increased from Rs 960 to Rs 1000.
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:max_bytes(150000):strip_icc()/ArcPriceElasticity-5c6bccf546e0fb000165cb98.jpg "Elasticity vs. Inelasticity of Demand: What's the Difference?")
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Elasticity of Demand Concept of Elasticity of Demand: The law of demand indicates the direction of change in quantity demanded t
