If the price elasticity of demand for a good is -1, then doubling the price of that good will leave total expenditures on that good unchanged.

Name: If the price elasticity of demand for a good is -1, then doubling the price of that good will leave total expenditures on that good unchanged.
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When the price elasticity of demand is -1, demand is unit elastic, meaning that the percentage change in quantity demanded is equal to the percentage change in price, resulting in unchanged total expenditures.

If the Price Elasticity of Demand for a Good Is