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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asked May 12, 2017 43.5k views

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Md Mahmudul Islam · Answer 1 · 2017-05-17T07:12:15+0000

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

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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