As price falls along the elastic portion of a linear demand curve, _______ decrease while _______ increase.
A. only price; quantity demanded , consumer surplus, and consumer expenditures
B. consumer surplus and price; quantity demanded and consumer expenditures
C. quantity demanded and price; consumer surplus and consumer expenditures
D. consumer expenditures, quantity demanded, and price; consumer surplus
Economics - economyst, Tuesday, October 2, 2007 at 10:28am
As a tie breaker, I would join with mister and go with A