Question

a consumer buys 200 units of a good at a price of rs 20 per unit. price elasticity of demand is -2. at what price will he be wiling to purchase 300 units.​

Answer 1

here is your answer

Ed = change in quantity / change in price × p/q

= -2 = 100/change in price × 20 /200

= -2 (change in price ) = 10

change in price = -5

new price = original price (p) +change in price = 20 + (-)5 = rs 15.....

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MARK AS BRAINLIEST

Answer 2

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