In this question, the sets of numbers given in the alternatives are represented. The columns and rows of Matrix I are numbered from 0 to 4 and that ofMatrix II are numbered from 5 to 9. A letter from these matrices can be represented first by its row and next by its column, e.g., A can be represented by 02,10, etc.,and 'B' can be represented by 57, 65, etc. Similarly you have to identify the set for the word 'FADE'
If price of an article decreases from P1 to Rs 25, quantity demanded increases from 900 units to 1200 units. If point elasticity of demand is 2 find P1?