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If the Demand for a Good is Inelastic, an Increase in Its Price Will Cause the Total Expenditure of the Consumers of the Good to - Current Affairs Including General Knowledge

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MCQ

If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to

Options

  • Increase

  • Decrease

  • Remain the same

  • Become zero

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Solution

Increase

Concept: Economic Current Affair (Entrance Exam)
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