Refer to the figure below. If the price of a latte increases from $2.00 to $2.50:
Refer to the figure below. If the price of a latte increases from $2.00 to $2.50:
A.the change in total expenditure, if any, would depend on the supply curve.
B.total expenditure would stay the same.
C.total expenditure would increase.
D.total expenditure would decrease.
正确答案:total expenditure would decrease.