A consumer buys 10 units of a good at a price of 6 per unit Price Elasticity of Demand is 1 At what ...........

A consumer buys 10 units of a good at a price of ? 6 per unit. Price Elasticity of Demand is (-) 1. At what price will he buy 12 units? Use expenditure approach of Price Elasticity of Demand to answer this question (3 MARKS)

Download Model Answer