Question

if the demand equation is given as DX=150-5Px,then at 50 units quantity demanded, the price will be Rs_____ ​

Answer 1

Answer:

DX = 50

50 = 150-5px

5px = 150-50

5 px = 100

px = 20

Answer 2

20 rupees

Explanation:

Given: Dx = 50 units

And we are given the relation that:

$Dx = 150 - 5Px$

$5Px = 150 - Dx$

$5Px = 150-50$

$5Px = 100$

$Px = 20 rupees$