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Which of the Following Is NOT True of Total Expenditure

Question 108

Multiple Choice

Which of the following is NOT true of total expenditure?


A) It is calculated as the per-unit price multiplied by the number of units consumed.
B) It is identical to total revenue.
C) It measures the entire amount consumers are spending on a good or service.
D) It is a good measure of social welfare.
E) It may increase or decrease as price rises.

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