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If the demand for a product is elastic, then a rise in price will a.cause total spending on the good to increase cause total spending on the good to decrease c. keep total spending the same, but reduce the quantity demanded. d. keep total spending the same, but increase the quantity demanded 14 The price elasticity of demand for a linear demand curve follows the pattern (moving from high prices to low prices) a. elastic, unit elastic, inelastic unit elastic, inelastic, elastic inelastic, unit elastic, elastic d. constant (i.e., the price elasticity does not ch

Respuesta :

Answer:

cause total spending on the good to decrease

a. elastic, unit elastic, inelastic

Explanation:

Elastic demand means that quantity demanded is sensitive to price changes. a small change in price leads to greater change in the quantity demanded.

If demand is elastic and price rises, the Quanitity demanded would fall and total spending would decrease.

Please check the attached image for elasticity along a linear demand curve.

I hope my answer helps you

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