1. A liter of alcohol is sold at 450, on a single month a total of 500 liters is sold in the market. After sometime, the price of alcohol increase up to 600 per liter yet the number of liters sold in a single month stays the same. What is the demand for the alcohol.
1. A liter of alcohol is sold at 450, on a single month a total of 500 liters is sold in the market. After sometime, the price of alcohol increase up to 600 per liter yet the number of liters sold in a single month stays the same. What is the demand for the alcohol.
Chapter1: Making Economics Decisions
Section: Chapter Questions
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1. A liter of alcohol is sold at 450, on a single month a total of 500 liters is sold in the market. After
sometime, the price of alcohol increase up to 600 per liter yet the number of liters sold in a single month
stays the same. What is the demand for the alcohol.
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