What expect happen to size of expenditure made on petrol

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Reference no: EM133657369

Questions:

I. What do you expect will happen to the size of expenditure made on petrol (i.e. would it increase or decrease) if the price of petrol increases? Explain why.

II. What do you expect will happen to the size of expenditure consumers make on coffee beans from Brazil (i.e. an increase or decrease in expenditure) if the price of this brand of coffee beans decreases? Explain why.

Reference no: EM133657369

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What expect happen to size of expenditure made on petrol : What do you expect will happen to the size of expenditure made on petrol (i.e. would it increase or decrease) if the price of petrol increases?

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