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If the Total Expenditure on Photocopiers Increases When the Price

Question 110

Multiple Choice

If the total expenditure on photocopiers increases when the price of photocopiers rises, the price elasticity of demand is


A) not determinable from the information given.
B) less than one (demand is inelastic) .
C) greater than one (demand is elastic) .
D) exactly zero.
E) equal to one (demand is unit elastic) .

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