InterviewSolution
Saved Bookmarks
| 1. |
A consumer buys 10 units of a good at a price of Rs. 6 per unit. Price elasticity of demand is (−)1. At what price will he buy 12 units? Use expenditure approach of price elasticity of demand to answer this question. |
|
Answer» A consumer buys 10 units of a good at a price of Rs. 6 per unit. Price elasticity of demand is (−)1. At what price will he buy 12 units? Use expenditure approach of price elasticity of demand to answer this question. |
|