If the Price of Apples Increases, Total Expenditures on Apples

question 112

Multiple Choice

If the price of apples increases, total expenditures on apples will decline if

• A) there are few substitutes for apples.
• B) the supply of apples is inelastic.
• C) the demand for apples is elastic.
• D) apples are a normal good.

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Definitions:

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A technician specialized in setting up and maintaining telephone systems and services.

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