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Jgal Jgal
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A year ago
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.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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schmienceschmience
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A year ago
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