InterviewSolution
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InterviewSolution
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A consumer buys 10 units of good X at a price of 5 per unit the price elasticity of demand for this good is to price fall to rupees 4 per unit how many unit of good X will he now buy at this price |
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Answer» Given: Q−10,Q 1 =12,P=5,P 1 =4ΔP=(4−5)=−1,ΔQ=(12−10)=2E d =(−1) QP ∗ ΔPΔQ =(−) 105 ∗ −12 =1E d =1 Unitary elastic demand.hope it HELPS youplease mark me as brainlist |
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