Figure 6-4
-Based on Figure 6-4, it can be determined that total expenditure ____ as price falls from P = 6 to P = 4.

Name: Figure 6-4 -Based on Figure 6-4, it can be determined that total expenditure ____ as price falls from P = 6 to P = 4.
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Question

Figure 6-4 
-Based on Figure 6-4, it can be determined that total expenditure ____ as price falls from P = 6 to P = 4.

Quizplus · Accepted Answer

As price falls from P = 6 to P = 4, the quantity demanded increases from 2 to 4. Therefore, total expenditure will decrease from $12 to $16, indicating that total expenditure falls as price falls.

Figure 6-4 -Based on Figure 6-4, It Can Be Determined That Total