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?

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29-11-2016
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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?

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Blurryface25 Blurryface25 · Answer 1 · 2016-11-29T15:05:56+01:00

Blurryface25 Blurryface25

29-11-2016

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

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