If the price consumption curve of good X, which is on the horizontal axis, slopes downward, we can be sure that
A) Consumers spend less money on X even though they buy more of it
B) Consumers spend the same proportion of their budget on X
C) Consumers spend more money on X but they get more of X
D) Consumers spend more money on X but they get less of X
Correct Answer:
Verified
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A)Always greater than the
Q21: A demand curve which has unit elasticity
Q22: In the graph above, which of the
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