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A fall in the price of the commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity:

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Question:

A fall in the price of the commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity:

A.

Increases

B.

Decreases

C.

Remains unchanged

D.

None of the above

Answer» c. Remains unchanged

Note: The above multiple-choice question is for all general and Competitive Exams in India.