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Math

The price elasticity is -0.71 means

A) an increase in price by TK. 1 increase the demand by TK. 0.71
B) an increase in price by 1% reduces the demand by TK. 0.71%
সঠিক উত্তর
C) an increase in price by TK. 0.71 reduces the demand by TK. 1
D) an inrease in price by TK. 0.71% increase the demand by 1%