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If the Total Expenditure on Perfume Increases When the Price

Question 48

Multiple Choice

If the total expenditure on perfume increases when the price of perfume falls, the price elasticity of demand is


A) unity (demand is unit elastic) .
B) exactly zero.
C) not determinable from the information given.
D) greater than one (demand is elastic) .
E) less than one (demand is inelastic) .

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