A consumer buys 20 units of a good at a price of rupees 5 per unit . T – InterviewSolution

1.

A consumer buys 20 units of a good at a price of rupees 5 per unit . The price elasticity is (-)2. when price changes he buys 28 units . calculate the new price.

Answer»

Explanation:

unit. The price elasticity of DEMAND for the GOOD is 2. At what price will he be WILLING.

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