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CountrySlim84 CountrySlim84
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A year ago
If the total expenditure on cars increases when the price of cars rises, the price elasticity of demand for cars is

▸ greater than one (demand is elastic).

▸ exactly zero.

▸ equal to one (demand is unit elastic).

▸ less than one (demand is inelastic).

▸ not determinable from the information given.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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denitra31denitra31
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A year ago
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CountrySlim84 Author
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A year ago
Thanks for your help!!
Holly72492
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Yesterday
this is exactly what I needed
sadiewolf
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2 hours ago
Thank you, thank you, thank you!
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