Figure 6-5 -In Figure 6-5, If Price Falls from Point a to Point

question 36

Multiple Choice

Figure 6-5
-In Figure 6-5, if price falls from point A to point B along the unit-elastic demand curve,

• A)total expenditure remains unchanged.
• B)total expenditure increases.
• C)total expenditure decreases.
• D)total expenditure first increases and then declines.

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Definitions:

Temporally

Refers to something related to or involving time.

Repeated Studying

A learning technique involving multiple sessions of reviewing material over a span of time.

Repeated Testing

The process of administering a test multiple times to the same subjects to improve reliability, measure changes, or reinforce learning.