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CUET
Economics
Micro Economics: Theory of Consumer behaviour
For a given demand function Y = 50 - 2P, the quantity demanded at P = Rs. 20 is :
5 units
10 units
0 units
50 units
Y = 50 - 2P
Where:
To find the quantity demanded at P = Rs. 20, we simply substitute P = 20 into the equation:
Y = 50 - 2(20)
Y = 50 - 40
Y = 10 units
Therefore, the quantity demanded at P = Rs. 20 is 10 units.
