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If your demand for gasoline is inelastic, when the price of gasoline falls, which of the following occurs?

borteleto

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If your demand for gasoline is inelastic, when the price of gasoline falls, which of the following occurs?

If your demand for gasoline is inelastic, when the price of gasoline falls, which of the following occurs?
A) Your demand curve for gasoline will shift leftward.
B) Your demand curve for gasoline will shift rightward.
C) Your total expenditure on gasoline will increase.
D) Your total expenditure on gasoline will decrease.

Textbook

Foundations of Finance

Foundations of Finance

Edition: 9^th

Authors: Keown, Petty, Martin

Read 75 times

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DeanaRay

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borteleto Author

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5 years ago

this is exactly what I needed

dri

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Yesterday

Thanks for your help!!

Ivansitospeed@g

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2 hours ago

Correct

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