Question

the initial demand for a commodity is 80 unitsthe demand falls by 4 units due to rise in price by Rs 10 if the price elasticity of demand is 1.5 calculate the price before change in demand​

Answer 1

Calculate the marginal opportunity cost for the various combinations of Good-X .... When the consumer is in equilibrium, MU of commodity-X is 45 and price of .... Demand curve of touch-screen mobile will shift to right due to the favourable shift ..... When price of a good falls from ` 10 per unit to ` 9 per unit, its demand rises ...