question archive The demand for a product is said to be inelastic if total consumer expenditures A
The demand for a product is said to be inelastic if total consumer expenditures A
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The demand for a product is said to be inelastic if total consumer expenditures
A. remain constant as price changes.
B. rise more than price rises as a percentage.
C. fall when the price falls.
D. fall when the price rises.
E. rise less than the price as a percentage.
Option 1
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