5) Price of Tiffin Box is 100 per unit and the quantity demanded in market is


5) Price of Tiffin Box is 100 per unit and the quantity demanded in market
is 1,25,000 units. Company increased the price to 125. Due to thisincrease in price, quantity demanded decreases to 1,00,000 units. Whatwill be the price elasticity of demand ?(a) 1.25(b) 0.80(c) 1.00(d) None of the above.​


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