If a Consumer Purchases Only Two Goods (X and Y

question 41

Multiple Choice

If a consumer purchases only two goods (X and Y ) and the demand for X is elastic,then a rise in the price of X

• A)will cause total spending on good Y to rise.
• B)will cause total spending on good Y to fall.
• C)will cause total spending on good Y to remain unchanged.
• D)will have an indeterminate effect on total spending on good Y.

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