Question: Gina usually pays a price between $5 and $7 per gallon of ice cream. Over that range of prices, her monthly total expenditure on ice

Gina usually pays a price between $5 and $7 per gallon of ice cream. Over that range of prices, her monthly total expenditure on ice cream increases as the price decreases. What does this imply about her price elasticity of demand for ice cream?

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