get selected value by text code example

Example 1: how to get the selected text of dropdown in jquery

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$("#Id option:selected").text()

Example 2: get option value jquery

<select id="state">
    <option value="state1" data-id="1">state1</option>
    <option value="state2" data-id="2">state2</option>
    <option value="state3" data-id="3">state3</option>
</select>

$('#state option[data-id="2"]').val();

//output state2