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प्रश्न
What would be the price elasticity of demand when total expenditure on a commodity changes in the same direction as the change in its price?
अति संक्षिप्त उत्तर
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उत्तर
When total expenditure changes in the same direction as price, the price elasticity of demand is less than one (ep < 1). This indicates inelastic demand.
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पाठ 22: Model Short Answer Questions - MODEL SHORT ANSWER QUESTIONS [पृष्ठ ४५७]
