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    Microeconomics
  4. Exam
    Exam 18: Elasticities, Price-Distorting Policies, and Non-Price Rationing
  5. Question
    If a Consumer's Demand Curve as Constant Own-Price Elasticity of -2
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If a Consumer's Demand Curve as Constant Own-Price Elasticity of -2

Question 1

Question 1

True/False

If a consumer's demand curve as constant own-price elasticity of -2, the consumer's spending will fall as price increases.

Correct Answer:

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