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Calculate the price elasticity of demand by proportionate/percentage method if Q1 = 4,000, Q2 = 5,000, P1 = Rs. 20, P2 = Rs. 19.

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Calculate the price elasticity of demand by proportionate/percentage method if Q1 = 4,000, Q2 = 5,000, P1 = Rs. 20, P2 = Rs. 19.

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Putting these values in given below formula,

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