Question

price of a commodity Falls from rupees 40 rupees to rupees 30 per unit quantity demanded initially was 60 minutes by how much the quantity will recieve elastic of demand is established to unitary​

Answer 1

For a product with unitary price elastic demand, revenues remain unaffected at each price. At the price of 40, quantity sold/demanded is 60 and the sales revenues is 2,400 (40×60). The revenues will remain 2,400 if the price falls to 30 (or to any other price), thus the quantity demanded would be 80 units

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