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Suppose the Current Level of Output of Some Good Is

Question 111

Multiple Choice

Suppose the current level of output of some good is 100 units. If market demand is inelastic at that quantity, total expenditure on this product would be higher if output was


A) kept constant.
B) maximized.
C) less than 100 units.
D) minimized.
E) greater than 100 units.

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