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 total expenditure on gasoline will decrease. C. Your demand curve for gasoline will shift rightward. d. Your total expenditure on gasoline will increase. e. None of above.

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 total expenditure on gasoline will decrease. C. Your demand curve for gasoline will shift rightward. d. Your total expenditure on gasoline will increase. e. None of above.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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