+2 votes
in Class 12 by kratos

A 5% rise in price of a good leads to 5% fall in its demand. A consumer buys 100 units of a good when price is Rs.5 per unit. At what price will he buy 120 units? Calculate.

1 Answer

+1 vote
by kratos
 
Best answer

He will buy 120 units at a price of Rs.4 per unit.

...