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Author Question: If your demand for gasoline is inelastic, when the price of gasoline falls, which of the following ... (Read 242 times)

jjjetplane

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on: Jun 29, 2018
If your demand for gasoline is inelastic, when the price of gasoline falls, which of the following occurs?
 
  A) Your demand curve for gasoline will shift leftward.
  B) Your demand curve for gasoline will shift rightward.
  C) Your total expenditure on gasoline will increase.
  D) Your total expenditure on gasoline will decrease.

Question 2

Marginal utility theory assumes that when Sally consume less of a good that she was previously consuming more than one unit of, her ________.
 
  A) total utility increases
  B) marginal utility increases
  C) income increases
  D) total utility is maximized


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rekilledagain

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


jjjetplane

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Reply #2 on: Jun 29, 2018
Thank you :)


rekilledagain

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Reply #3 on: Jun 29, 2018
Happy to help you


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