26. When as a result of decrease in price of good, the total expenditure made on it decreases we say that price elasticity of demand is A. O Less than unity B. Unity С. О Zero D. O Greater than Unity
26. When as a result of decrease in price of good, the total expenditure made on it decreases we say that price elasticity of demand is A. O Less than unity B. Unity С. О Zero D. O Greater than Unity
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter5: Elasticity
Section: Chapter Questions
Problem 32CTQ: Suppose you could buy shoes one at a time, miter than in pain. What do you predict the cross-price...
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![26. When as a result of decrease in
price of good, the total
expenditure made on it decreases
we say that price elasticity of
demand is
A. O Less than unity
B. O Unity
C. O Zero
D. O Greater than Unity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdaf91385-dadb-4e3a-9df7-9522067dcb4e%2F7d7bb235-9a0e-4ab2-9be8-4d7709c11049%2Ffds5ju_processed.jpeg&w=3840&q=75)
Transcribed Image Text:26. When as a result of decrease in
price of good, the total
expenditure made on it decreases
we say that price elasticity of
demand is
A. O Less than unity
B. O Unity
C. O Zero
D. O Greater than Unity
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