.If the TE (total expenditure) on Nike shoes decreases when the price of Nike shoes falls, the price elasticity of demand is     less than one (demand is inelastic).     unity (demand is unit elastic).     not determinable from the information given.     exactly zero.     greater than one (demand is elastic).

Economics: Private and Public Choice (MindTap Course List)
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Chapter20: Consumer Choice And Elasticity
Section: Chapter Questions
Problem 7CQ
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2.If the TE (total expenditure) on Nike shoes decreases when the price of Nike shoes falls, the price elasticity of demand is

   

less than one (demand is inelastic).

   

unity (demand is unit elastic).

   

not determinable from the information given.

   

exactly zero.

   

greater than one (demand is elastic).

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