question archive If the price of a good decreases and the total expenditure for a consumer on that good increases, then: a
If the price of a good decreases and the total expenditure for a consumer on that good increases, then: a
Subject:EconomicsPrice:2.88 Bought3
If the price of a good decreases and the total expenditure for a consumer on that good increases, then:
a. the consumer surplus attached to the good has increased.
b. the consumer surplus attached to the good has decreased.
c. the price elasticity of demand for the good must be less than one.
d. the price elasticity of demand for the good must be greater than one.
Option 1
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