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If an Individual's Demand Is Elastic and Price Increases, What

Question 9

Multiple Choice

If an individual's demand is elastic and price increases, what happens to total utility (TU) , marginal utility (MU) , consumer surplus (CS) , and total expenditure (TE) ?


A) TU increases, MU decreases, CS decreases, and TE decreases
B) TU increases, MU increases, CS increases, and TE decreases
C) TU decreases, MU increases, CS decreases, and TE increases
D) TU decreases, MU decreases, CS decreases, and TE decreases
E) TU decreases, MU increases, CS decreases, and TE decreases

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