A consumer buys 80 units of a good at a price of ₹ 4 per unit. Suppose the price elasticity of demand is -4. At what prices will he buys 60 units.
CA Foundation · Business Economics · MTP · September 2025
A consumer buys 80 units of a good at a price of ₹ 4 per unit. Suppose the price elasticity of demand is -4. At what prices will he buys 60 units.
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 4.2 per unit
Topics: Theory of Demand and Supply
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