Question:
Price of a commodity increases. The demand is inelastic if:
Price of a commodity increases. The demand is inelastic if:
Updated On: Sep 23, 2024
- Total expenditure (T.E.) on the commodity decreases.
- T.E. on the commodity increases.
- T.E. remains same.
- T.E. becomes zero.
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The Correct Option is B
Solution and Explanation
The correct option is (B) :T.E. on the commodity increases..
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