If Demand Is Price Elastic,a Decrease in Price Results in A(n)

question 150

Multiple Choice

If demand is price elastic,a decrease in price results in a(n)

• A)decrease in total expenditure on the good
• B)unfavorable shift in tastes and preferences
• C)decrease in total cost for the seller
• D)increase in supply of the good
• E)increase in total revenue to the seller

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