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Refer to the Diagram and Assume a Single Good

Question 183

Multiple Choice

Refer to the diagram and assume a single good. If the price of the good decreases from $6.30 to $5.70, consumer expenditure would A) decrease if demand were D₁ only. B) decrease if demand were D₂ only. C) decrease if demand were either D₁ or D₂. D) increase if demand were either D₁ or D₂. Refer to the diagram and assume a single good. If the price of the good decreases from $6.30 to $5.70, consumer expenditure would


A) decrease if demand were D₁ only.
B) decrease if demand were D₂ only.
C) decrease if demand were either D₁ or D₂.
D) increase if demand were either D₁ or D₂.

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