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Author Question: If total expenditure on a product rises and falls directly with a product's price, then demand for ... (Read 68 times)

danitzaidaly

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on: Oct 12, 2022

Question 1

When a product's price has an inverse relationship with total expenditure, then demand has a price elasticity of
◦ zero.
◦ less than one.
◦ inverse proportions.
◦ one.
◦ greater than one.

Question 2

If total expenditure on a product rises and falls directly with a product's price, then demand for this product has an elasticity of
◦ direct proportions.
◦ one.
◦ zero.
◦ greater than one.
◦ less than one.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by danitzaidaly on Oct 12, 2022

Tester

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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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danitzaidaly

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

tkempin

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

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