Question

Lakshmi purchase 5 units of ice creams when it's price was rs 10 per unit and is still equilibrium. should she consume more or less to be at equilibrium when it's price decreases to rs 5 per unit? state reason.​

Answer 1

Explanation:

Total cost of purchasing for Lakshmi = 5*10= ₹50

Now , if price decrease to ₹ 5/ unit then total no of units which Lakshmi can purchase for ₹ 50 to be equilibrium =50/5=10

Thus it shows that no. of units has increased more now by 10-5 =5.

Hence ,she should concume 5 more units than before to be at equilibrium

I hope ,It was helpful to you.

Answer 2

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