If price of an article decreases fro Rs. 8 to Rs. 7.5, when

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SSC JE CE 2016 Set 2 (Non Technical0
General Intelligence and Reasoning
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General Intelligence and Reasoning

66

M: +1.00/-0.25

If price of an article decreases fro Rs. 8 to Rs. 7.5, when quantity demanded increases from Q1 units to 225000 units, and if point elasticity of demand is -2, what is the value of Q1?

[SSC JE CE 2016 Set 2 (Non Technical0]

A 1,00,000 units

B 2,00,000 units

C 1,50,000 units

D 50,000 units