If demand is inelastic, a drop in price will raise total expenditure.
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Q42: If demand is elastic, an increase in
Q43: If seller increases the price of the
Q44: Total expenditure equals price times quantity.
Q45: All straight-line demand curves have the same
Q46: If demand is unit elastic, then a
Q48: Buyers' expenditures and sellers' revenues are always
Q49: Total expenditure equals price times elasticity.
Q50: If seller increases the price of the
Q51: Demand elasticity equals quantity times price.
Q52: If a demand curve is unit elastic,
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