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प्रश्न
Choose the correct answer from given options.
The expenditure on a good would change in the opposite direction as the price changes only when demand is ______
पर्याय
elastic
inelastic
perfectly inelastic
unitary elastic
MCQ
रिकाम्या जागा भरा
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उत्तर
The expenditure on a good would change in the opposite direction as the price changes only when demand is Elastic.
Explanation:
The percentage change in quantity demanded in response to a given percentage change in the commodity's own price is known as price elasticity of demand.
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