250 units would be demanded when price is $11.67.
<h3>What is price elasticity of demand?</h3>
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
<h3>What is the price?</h3>
Percentage change in the quantity demanded = (250 / 200) - 1 = 25%
Percentage change in price = 25% / 1.5 = 16.67
Price = (1 + 0.1667) x 10 = 11.67
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