A consumer buys 10 unit of good X at a price of rupees 5 per unit the price elasticity of demand for the good is two. price fall to rupees 4 per unit how many units of good X will now buy at this price
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Explanation:
10 products of good x multiplied by 5 is 50
if the price falls to 4 rupees then he will be able to buy 12 products or 12.5 products of good x
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