You have $50 and want to buy some CD's. If prices of CD's rose from $5 each to $10, how would your quantity of demanded of CD's

Question

vfiekz [6]

3 years ago

14

You have $50 and want to buy some CD's. If prices of CD's rose from $5 each to $10, how would your quantity of demanded of CD's

change?

History

1 answer:

Zepler [3.9K] · Answer 1 · 2021-12-08T23:48:39+03:00

Zepler [3.9K]3 years ago

8 0

If you have 50$ and each cd = 5$
you would have 50÷5=10 CDs
but if you have 50$ and each CD=10$
you would have 5 CDs
so the change of the quantity is 5 CDs