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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