Multiple Choice
The Mear Corporation finds that its total spending on machine parts increases after the price of machine parts falls,other things being equal.Which of the following is true about the Mear Corporation's demand for machine parts with the price change?
A) It is unit elastic.
B) It is price elastic.
C) It is price inelastic.
D) It is perfectly inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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