Ahemdabad = (18 + 28)% of 450 = 207 Pune = 55% of 380 = 209 Patna = (20 + 32)% of 450 = 234 Chandigarh = (25 + 25)% of 500 = 25 0 Dehradun = (22 + 20)% of 350 = 147
Consider KRK’s demand function for cigarettes for as Q= .02m- 2p where m is his income and p is the price. KRK’s income is Rs.7500 and the price o...