Question

MU_X of X is 40 and MU_Y, of Y is 30. It the price of Y is ₹ 9, then price of X at equilibrium will be ______.

विकल्प

• ₹ 9

• ₹ 30

• ₹ 15

• ₹ 12

Answer 1

₹ 12

Explanation:

\[ \frac{MU_X}{P_X}=\frac{MU_Y}{P_Y} \]

\[ \frac{40}{P_X}=\frac{30}{9} \]

\[ P_X=\frac{40\times9}{30} \]

\[ P_X=\frac{360}{30}=₹12 \]

The price of X at equilibrium will be ₹ 12.