If your demand for gasoline is inelastic, when the price of gasoline falls, which of the following occurs?
A) Your demand curve for gasoline will shift leftward.
B) Your demand curve for gasoline will shift rightward.
C) Your total expenditure on gasoline will increase.
D) Your total expenditure on gasoline will decrease.
D
Economics
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A bank that has $10,000 in excess reserves can extend new loans up to a maximum of:
a. $1,000. b. $9,000. c. $10,000. d. $100,000.
Economics
Explain why funds available to pay the fixed inputs are equal to the area of the triangle below the value of marginal product of labor (VMP) and above the wage
Economics