Relation between elasticity, change in price also total expenditure
1. Elucidate describe how a change in price affects total expenditure by filling in every cell with the resulting change in total expenditure.
Demand is ... Increase in Price Decrease in Price
2. You buy only apples also bananas. Your budget is such which you can purchase 3 apples also 4 bananas or 9 apples also 2 bananas. prepare down the equation for the budget line with bananas on the y-axis. Is which equation unique?