Question

a consumer buys 30 units of a good at a price of rupees 10 per unit price elasticity of demand for the good is -1 how many units the consumer will buy the price of rupees 9 per unit calculate​

Answer 1

Answer:

Explanation: elasticity of demand = ( change in quantity demand / initial demand) / ( change in price / initial price)

Change in quantity demand = final - initial

= (q - 30), q= final quantity demand

Change in price =(9-10)

Ed=(-1) (given)

-1=(q-30)/30/(9-10)/10

-1=(q-30)/3/-1

1=(q-30)/3

Q=30+3=33