when the price of good x is Rs 5, the consumer buys 100 units. At what price he will buy 140 units of good x when the price of elasicity of demand is 2 ? pls give me the answer before 19th of june ???
Aishwarya,
A similar question has already been answered by one of our experts. Refer to the following link to view the same.
https://www.meritnation.com/ask-answer/question/a-consumer-buys-10-units-of-a-commodity-y-at-a-price-of-rs/theory-of-consumer-behaviour/6229293
A similar question has already been answered by one of our experts. Refer to the following link to view the same.
https://www.meritnation.com/ask-answer/question/a-consumer-buys-10-units-of-a-commodity-y-at-a-price-of-rs/theory-of-consumer-behaviour/6229293