If total expenditure on a product rises and falls directly with a product's price, then demand for this product has an elasticity of
A) zero.
B) greater than one.
C) less than one.
D) one.
E) direct proportions.

Question

Quizplus · Accepted Answer

The Answer of If total expenditure on a product rises and falls directly with a product's price, then demand for this product has an elasticity of
A) zero.
B) greater than one.
C) less than one.
D) one.
E) direct proportions.

If Total Expenditure on a Product Rises and Falls Directly