CAPF 2020Q48
Q: Kumar used to eat 30 samosas in a month when the price of each samosa was ₹12. When the price of samosa increased to ₹15 per piece, he eats only 20 samosas a month. What is the price elasticity of demand for samosa by Kumar?
(a)1·33
(b)1·00
(c)0·75
(d)0·08
Correct Answer: (a)
Detailed explanation coming soon.