When the price of a good rises from ₹20 to ₹25, the quantity demanded falls from 200 to 150 units. Demand is

Explanation

1. 01

   % change in quantity = −50 ÷ 200 = −25%. % change in price = 5 ÷ 20 = 25%.

2. 02

   eₚ = 25 ÷ 25 = 1: unitary elastic.