Question

A consumer buys 30 units of a good at a price of 10 per unit. Price elasticity of demand for the good
is (-) 1. How many units the consumer will buy at a price of 9 per unit? Calculate.
E
​

Answer 1

Answer:

Bhai Q nikal liya phele bta answer kya nikalna h E

Explanation:

Po=10

Qo=30

Ed=-1

P1=9

Formula used:

-Ed= change in Q/change in P*Po/Qo

-1=Q/-1*10/30

Q=3