MCQOPTIONS
Saved Bookmarks
| 1. |
If we assume that price decreases as total expenditure increases, we may conclude that |
| A. | elasticity of demand is greater than unity |
| B. | elasticity of demand is less than unity |
| C. | elasticity of demand is equal to unity |
| D. | elasticity of demand is a function of market trends |
| E. | None of the above |
| Answer» B. elasticity of demand is less than unity | |