question archive The price elasticity of demand for automobiles is -0
The price elasticity of demand for automobiles is -0
Subject:EconomicsPrice:2.88 Bought3
The price elasticity of demand for automobiles is -0.84. If the price of automobiles increases, the
a. total annual expenditure on automobiles will decrease.
b. total annual expenditure on automobiles will remain constant.
c. total revenue of automobile sellers will decrease.
d. total annual expenditure on automobiles will increase.
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