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  3. Study Set
    Microeconomics
  4. Exam
    Exam 18: Elasticities, Price-Distorting Policies, and Non-Price Rationing
  5. Question
    When Own-Price Elasticity Lies Between 0 and -1, Consumer Spending
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When Own-Price Elasticity Lies Between 0 and -1, Consumer Spending

Question 10

Question 10

True/False

When own-price elasticity lies between 0 and -1, consumer spending decreases when price increases.

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