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If an individual's demand is elastic and price increases, what happens to total utility (TU), marginal utility (MU), consumer surplus (CS), and total expenditure (TE)?
If an individual's demand is elastic and price increases, what happens to total utility (TU), marginal utility (MU), consumer surplus (CS), and total expenditure (TE)? Group of answer choices TU increases, MU decreases, CS decreases, and TE decreases TU increases, MU increases, CS increases, and TE decreases TU decreases, MU increases, CS decreases, and TE increases TU decreases, MU decreases, CS decreases, and TE decreases TU decreases, MU increases, CS decreases, and TE decreases
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