i need the answer quickly 13.A 5% fall in price of a good leads to 10% rise inits demand. A consumer buys 40 units of a goodat a price of 10 per unit. How many units will hebuy at a price of 12 per unit? Calculate. (A

here we can calculate the quantity by using elasticity of demand which are as follow

Answered: 13.A 5% fall in price of a good leads…

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 5CQQ

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13.A 5% fall in price of a good leads to 10% rise in its demand. A consumer buys 40 units of a good at a price of 10 per unit. How many units will he buy at a price of 12 per unit? Calculate.