Because of an increase in the price of leather, the price of a pair of women's dress shoes increased 12 percent. If the price elasticity of demand for women's dress shoes is 0.85, which of the following will happen?
A: The number of pairs of women's dress shoes demanded decreases by 10.2 percent.
B: Total expenditure on women's dress shoes decreases.
C: Total revenue from the sale of women's dress shoes decreases.
D: none of the above
A: The number of pairs of women's dress shoes demanded decreases by 10.2 percent.
B: Total expenditure on women's dress shoes decreases.
C: Total revenue from the sale of women's dress shoes decreases.
D: none of the above
举一反三
- If shoes rise in price, the demand curve for shoes ( ) and the quantity of shoes demanded ( ). A: shifts leftward; decreases B: shifts leftward; does not change C: does not shift; decreases D: does not shift; does not change
- Qipao was once the women’s dress in the Ming dynasty.
- As a countable noun, the word “dress” applies only to women’s garments.
- A male speaker should dress in a suit matching with a pair of leather shoes in making a speech.
- If you want to buy a dress, you should go to the section of _____ clothes on the second floor. A: women's B: woman's C: women D: woman