Earlier price was 102 per unit with demand of 37 kgs further price bec – InterviewSolution

1.

Earlier price was 102 per unit with demand of 37 kgs further price become * 55 perunit. If Ed = -75 Find out New demand.==00=

Answer»

EXPLANATION:ED= - (CHANGE IN QUANTITY DEMANDED) ÷ change in price

Let new demand be x

-75= (x-37)÷(55-102)

-75(55-102)= x-37

-75×-47=x-37

3525=x-37

x=3562

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