Refer to the figure below. If the price of a latte increases from $2.00 to $2.50:
A)total expenditure would increase.
B)total expenditure would stay the same.
C)total expenditure would decrease.
D)the change in total expenditure, if any, would depend on the supply curve.

Question

Refer to the figure below. If the price of a latte increases from $2.00 to $2.50: 
A)total expenditure would increase. 
B)total expenditure would stay the same. 
C)total expenditure would decrease. 
D)the change in total expenditure, if any, would depend on the supply curve.

Quizplus · Accepted Answer

The Answer of Refer to the figure below. If the price of a latte increases from $2.00 to $2.50: 
A)total expenditure would increase. 
B)total expenditure would stay the same. 
C)total expenditure would decrease. 
D)the change in total expenditure, if any, would depend on the supply curve.

Refer to the Figure Below