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AndrewKraus AndrewKraus
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6 years ago
Sandra consumes two goods–tea and coffee. Her demand for tea is inelastic while her demand for coffee is elastic. If there is an increase in the price of both tea and coffee, ________.
A) Sandra's expenditure on both tea and coffee is likely to increase
B) Sandra's revenue on both tea and coffee is likely to decrease
C) Sandra's expenditure on tea will increase and her expenditure on coffee will decrease
D) Sandra's expenditure on coffee will increase and her expenditure on tea will decrease
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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AndrewKraus Author
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6 years ago
I'll share this with my friends, thank you for being there
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