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Author Question: If price elasticity of demand for good X is equal to 0.4, then an increase in price will cause total ... (Read 63 times)

Aimless0988

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on: Oct 12, 2022

Question 1

A demand curve for which any price-quantity combination yields the same total expenditure reveals a price elasticity of demand equal to
◦ zero.
◦ infinity.
◦ one.
◦ some value greater than one but less than infinity.
◦ not enough information to know.

Question 2

If price elasticity of demand for good X is equal to 0.4, then an increase in price will cause total expenditure on good X to
◦ decrease.
◦ be negative.
◦ remain constant.
◦ increase.
◦ fall to zero.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Aimless0988 on Oct 12, 2022

kugyo01

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Aimless0988

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

bimper21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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