Question : The quantity demanded of a good decreases from 200 units to 160 units when the price increases from INR 20 to INR 25 per unit. Calculate the price elasticity of demand.

Option 1: 0.5

Option 2: 1.0

Option 3: 1.5

Option 4: 2.0

Question : The quantity demanded of a good decreases from 400 units to 300 units when the price increases from INR 20 to INR 30 per unit. Calculate the price elasticity of demand.

Option 1: -0.5

Option 2: -1.0

Option 3: -1.5

Option 4: -2.0

Question : A product has an initial quantity demanded of 100 units at a price of INR 10 per unit. Due to a price change, the new quantity demanded is 120 units. Calculate the price elasticity of demand.

Option 1: 0.5

Option 2: 1.5

Option 3: 2.0

Option 4: 2.5

Question : The quantity demanded of a good increases from 500 units to 600 units when the price decreases from INR 10 to INR 8  per unit. Calculate the price elasticity of demand.

Option 1: 0.6

Option 2: 1.0

Option 3: 1.2

Option 4: 2.0

Question :  If the price of a product increases from INR 50 to INR 60 per unit, and the quantity demanded decreases from 80 units to 70 units, calculate the percentage change in quantity demanded.

Option 1: -10%

Option 2: -12.5%

Option 3: -14%

Option 4: -20%