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    Economics USA
  4. Exam
    Exam 5: Market Demand and Price Elasticity
  5. Question
    A Price Reduction from $3
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A Price Reduction from $3

Question 26

Question 26

Multiple Choice

A price reduction from $3.60 to $3.30 for a bushel of wheat will cause the total amount spent on wheat to


A) fall.
B) rise.
C) not change.
D) rise initially and then fall.
E) be indeterminate.

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