A consumer buys 17 units of a good at a price of Rs 10 per unit When price falls - Economics - Theory of Consumer Behaviour

Question

A consumer buys 17 units of a good at a price of Rs 10 per unit
When price falls to Rs 8 per unit the consumer buys 23 units Using
the expenditure approach, what will you say about price elasticity
of demand of the good?

Vanita Rana · Accepted Answer

Follow the link
provided below to view the answer to your question

https://www meritnation
com/ask-answer/question/a-consumer-buy-17-units-of-a-good-at-a-price-of-rs-10-per-un/production-and-costs/8049643

A consumer buys 17 units of a good at a price of Rs.10 per unit. When price falls to Rs.8 per unit the consumer buys 23 units. Using the expenditure approach, what will you say about price elasticity of demand of the good?