Question

The demand function of a product x is as $dx=24-3Px$, where Px stand for price. The quantity demanded corresponding to price of Rs.$4$ will be ______.

• A. $12$
• B. $16$
• C. $15$
• D. $10$

Answer 1

Answer: (A)

$12$

SOLUTION:

$dx=24-3px$

for px= 4

we will get

$dx= 12$

hence the correct option: A