Answer to Question #121287 in Microeconomics for Muhammad

Question #121287
b. The supply of chicken meat in Pakistan increases, causing meat prices to fall. Lower prices always mean that Pakistani households spend more on meat.
1
Expert's answer
2020-06-10T18:57:19-0400

This is not true. Spending on meat could decrease if the percentage change in quantity demanded was less than the percentage change in price.


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