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When the price of good X is ₹ 5, the con...

When the price of good X is ₹ 5, the consumer buys 100 units of good X. At what price would he willing to purchase 140 units of good X ? The price elasticity of demand for good X is 2.

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when price of a good is ₹ 12 per unit, the consumer buys 24 units of the good. When price rises to ₹ 14per unit the consumer buys 20 units. Calculate price elsticity of demand.

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