Refer to the diagram and assume a single good. If the price of the good decreases from $6.30 to $5.70, consumer expenditure would
A)decrease if demand were D₁ only.
B)decrease if demand were D₂ only.
C)decrease if demand were either D₁ or D₂.
D)increase if demand were either D₁ or D₂.

Question

Refer to the diagram and assume a single good. If the price of the good decreases from $6.30 to $5.70, consumer expenditure would
A)decrease if demand were D₁ only. 
B)decrease if demand were D₂ only. 
C)decrease if demand were either D₁ or D₂. 
D)increase if demand were either D₁ or D₂.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram and assume a single good. If the price of the good decreases from $6.30 to $5.70, consumer expenditure would
A)decrease if demand were D₁ only. 
B)decrease if demand were D₂ only. 
C)decrease if demand were either D₁ or D₂. 
D)increase if demand were either D₁ or D₂.

Refer to the Diagram and Assume a Single Good