a 20% fall in price leads to 80 percent rise in the demand for a good. a consumer buys 100 units of the good with the price of ₹20 per unit at what price will the consumer buy 200 units of the good?
explanation also needed
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Answer:
answer is 16
Explanation:
price per unit post 20% reduction is Rs.16/-
so for 200units the total amount paid would be Rs.3200/-
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