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Price of good x (RM) Quantity demanded for good x (Units) Quantity demanded for good Y (Units) Quantity demanded for good Z (Units) 1 100
| Price of good x (RM) | Quantity demanded for good x (Units) | Quantity demanded for good Y (Units) | Quantity demanded for good Z (Units) |
| 1 | 100 | 1,000 | 10 |
| 2 | 50 | 500 | 20 |
| 3 | 25 | 250 | 40 |
| 4 | 20 | 200 | 80 |
| 5 | 18 | 180 | 180 |
- If you are the producer of good x and you want to increases your total revenue would you increase the price of RM3 per unit to RM4 per unit? Why? ( use the concepts of elasticity in your answer and give an example of the good X)?.
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Research Methods Design And Analysis
Authors: Larry Christensen
13th Edition
0205961258, 978-0205961252
