If the absolute value of the price elasticity of demand for dry white wine is greater than one, a decrease in the price of all wine would result in：
A、A more than proportional decrease in the quantity of dry white wine purchased B
A、less than proportional decrease in the quantity of dry white wine purchased C
A、less than proportional increase in the quantity of dry white wine purchased D
A、more than proportional increase in the quantity of dry white wine purchased
A、A more than proportional decrease in the quantity of dry white wine purchased B
A、less than proportional decrease in the quantity of dry white wine purchased C
A、less than proportional increase in the quantity of dry white wine purchased D
A、more than proportional increase in the quantity of dry white wine purchased
【参考答案及解析】
Rationale: Assuming a normal good, a decrease in price results in a greater quantity being demanded. Given that demand is price elastic, the increase in quantity will be proportionally greater than the price fall
Rationale: Assuming a normal good, a decrease in price results in a greater quantity being demanded. Given that demand is price elastic, the increase in quantity will be proportionally greater than the price fall