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24. A fall in the price of a commodity wḥose demand curve is a rectangular hyperbola causes total expenditures on the commodity to (a) increase (b) decrease, (c) remain unchanged or (d) any of the above.
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6 votes
24.

A fall in the price of a commodity wḥose demand curve is a rectangular hyperbola causes total
expenditures on the commodity to
(a) increase (b) decrease, (c) remain
unchanged or (d) any of the above.

User Ian Muir
by
4.9k points

1 Answer

12 votes

Answer:

b

Step-by-step explanation:

an increase in price will decrease demand this will cause the supply to decrease eventually

User Danilo Cunha
by
6.3k points
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