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Other Fields Homework Help Economics Topic started by: Jgal on Sep 26, 2022



Title: If the total expenditure on clothing decreases when the price of clothing falls, the price ...
Post by: Jgal on Sep 26, 2022
If the total expenditure on clothing decreases when the price of clothing falls, the price elasticity of demand is

▸ unity (demand is unit elastic).

▸ less than one (demand is inelastic).

▸ greater than one (demand is elastic).

▸ exactly zero.

▸ not determinable from the information given.


Title: If the total expenditure on clothing decreases when the price of clothing falls, the price ...
Post by: schmience on Sep 26, 2022
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