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8 August, 04:38

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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  1. 8 August, 08:18
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    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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