Multiple Choice
If a consumer purchases only two goods (X and Y ) and the demand for X is elastic,then a rise in the price of X
A) will cause total spending on good Y to rise.
B) will cause total spending on good Y to fall.
C) will cause total spending on good Y to remain unchanged.
D) will have an indeterminate effect on total spending on good Y.
Correct Answer:

Verified
Correct Answer:
Verified
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