Economy, asked by Srinivasrao2662, 1 year ago

A consumer buys 80 units of a good at a price of ` 5 per unit. Price elasticity of demand
is (-2). At what price will he buy 64 units?

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Answered by Anonymous

Hey there!

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Answer : New Price is Rs 5.5

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A consumer buys 80 units of a good at a price of ` 5 per unit. Price elasticity of demand is (-2). At what price will he buy 64 units?

Answers

A consumer buys 80 units of a good at a price of ` 5 per unit. Price elasticity of demand
is (-2). At what price will he buy 64 units?