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    Understanding Modern Economics
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    Exam 4: Consumer Decision Making and Consumer Reaction to Price Changes  
  5. Question
    If the Price Elasticity of Demand Is -0
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If the Price Elasticity of Demand Is -0

Question 14

Question 14

Short Answer

If the price elasticity of demand is -0.75, how will total consumer expenditures on the good be affected in response to a price decrease?

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