Multiple Choice
An increase in the price of computer diskettes leads to an increase in total expenditures on the diskettes. Which of the following is true for this price change?
A) Computer diskettes are an inferior good.
B) The demand for computer diskettes is perfectly elastic.
C) The demand for computer diskettes is inelastic.
D) The demand for computer diskettes is elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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