Total Consumer Expenditure Will Increase If Price

question 78

Multiple Choice

Total consumer expenditure will increase if price:

• A) falls and demand is inelastic
• B) rises and demand is elastic
• C) rises and demand is unit elastic
• D) falls and demand is elastic

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Definitions:

Bitter/Sour Taste

Sensory experiences elicited by certain chemicals that are interpreted by the taste buds as either bitter or sour.

Deprivation

A state where an individual or organism lacks a substance or stimulus that is considered necessary or desirable.

Medial Forebrain Bundle

A neural pathway in the brain that is involved with the sensation of reward as well as various aspects of motivation and emotion.

Dopamine

A neurotransmitter involved in many functions, including reward, motivation, memory, attention, and even regulating body movements.