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ments Meetings Gallery oft OneDrive Tools If demand is inelastic, an increase in the price of a good will cause total expenditures on the good

ments Meetings Gallery oft OneDrive Tools If demand is inelastic, an increase in the price of a good will cause total expenditures on the good to fall rise O rise if it is a normal good and fall if it is an inferior good. fall if it is a normal good and rise if it is an inferior good. 23

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