If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?
A manufacturer faces price elasticity of demand of a 1.25 for its product. If it lowers its price by 6.4%, the increase in quantity sold will be _____.
The table given below shows the number of applicants who have applied for exam at various centres as percentage of total number of applicants. The table also shows the number online applicants and absent applicants as a percentage of total applicants of each centre. Total number of applicants is 1200000.
What is the ratio of total number of present applicants from exam centre K to total number of offline applicants from exam centre J?