Question: I would like the answer process as well... thanks Question 2 1 pts Which of the following statements is correct (more than one correct answer):

I would like the answer process as well... thanks

I would like the answer process as well... thanks Question 2 1

Question 2 1 pts Which of the following statements is correct (more than one correct answer): Price of good X increases by 2% & the consumer reduces her quantity demanded by 3%. Then, the consumer's expenditure on the good will increase. Price of good X increases by 2% & the consumer reduces her quantity demanded by 1%. Then, the consumer's expenditure on the good will increase. Price of good X decreases by 2% & the consumer increases her quantity demanded by 3%. Then, the consumer's expenditure on the good will increase. Price of good X decreases by 2% & the consumer increases her quantity demanded by 1%. Then, the consumer's expenditure on the good will increase. Price of good X increases by 2% & the consumer increases her quantity demanded by 3%. Then, the consumer's expenditure on the good will increase. (Can you tell what type of good this is?)

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