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)less than one.
C)greater 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)less than one.
C)greater than one.
D)one.
E)direct proportions.

If Total Expenditure on a Product Rises and Falls Directly