1. When demand curve is elastic, a. price and total expenditure move in the same direction. b. price and total expenditure move in the opposite direction. c. price may be rising or falling but total expenditure is constant. d. price may be rising or falling but total expenditure depends on supply.
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Home » Business » 1. When demand curve is elastic, a. price and total expenditure move in the same direction. b. price and total expenditure move in the opposite direction. c. price may be rising or falling but total expenditure is constant. d.