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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Ashlyn Villegas

30 July, 02:23

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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Cochran · Answer 1

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