问题
单项选择题
Given the following possibilities, which one results in an increase in total consumer expenditures()
A. demand is unitary elastic and price falls.
B. demand is elastic and price rises.
C. demand is inelastic and price rises.
答案
参考答案:C
解析:
Total expenditures and price elasticity of demand: When demand is inelastic, the percentage change in unit sales is less than the percentage change in price. An increase in price leads to an increase in total expenditure on the good. The opposite is also true.