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April 25, 2015

Homework Help: Economics

Posted by cymber on Monday, October 1, 2007 at 10:41pm.

As price falls along the elastic portion of a linear demand curve, _______ decrease while _______ increase.

Answers.
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

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