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Refer to the Accompanying Figure

Question 143

Multiple Choice

Refer to the accompanying figure. If the price of a latte increases from $2.00 to $2.50: Refer to the accompanying figure. If the price of a latte increases from $2.00 to $2.50: A) total expenditure would increase. B) total expenditure would stay the same. C) total expenditure would decrease. D) the change in total expenditure, if any, would depend on the supply curve.


A) total expenditure would increase.
B) total expenditure would stay the same.
C) total expenditure would decrease.
D) the change in total expenditure, if any, would depend on the supply curve.

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