An individual buys 15 kg of sugar when its price is Rs. 5 per kg. When the price increases to Rs. 7 per kg, the demand goes down to 12 kg of sugar. What is the price elasticity of demand for sugar?
Held on 3 Jun 2025 · Verified 13 Jul 2026.
0.3
0.5
0.4
−0.3
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