Answered: A consumer buys 10 units of goods X at…

A consumer buys 10 units of goods X at a price of $5 per unit. the price elasticity of demand for this good is 2. price falls to $ 4 per units. how many units of good x will he now buy at his price.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 4SQP

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A consumer buys 10 units of goods X at a price of $5 per unit. the price elasticity of demand for this good is 2. price falls to $ 4 per units. how many units of good x will he now buy at his price.

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