Economics 9708 · AS & A Level · Price elasticity of demand

Price elasticity of demand — practice question

Under which condition will consumers’ total spending on a good rise when its price rises?

  • ADemand for the good is income elastic.
  • BDemand for the good is price inelastic.
  • CThe price of a complementary good also increases.
  • DThe price of substitute goods also increases.

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