-
The purchase price of 2BHK flat rises 10 percent, the demand for such flats is observed to decrease by 8 percent. The given elasticity of the housing demand for 2BHK flats is _____ (rounded off to one decimal place).
-
- 0.08
- 0.8
- 8
- 80
Correct Option: B
| Price elasticity of demand = | ||
| Change in demand |
| = |  |  | % = 0.8 | |
| 10 |
