An increase in the price of the commodity when demand is inelastic causes the total expenditure of consumers of the commodity to:

April 28, 2021 – by admin

Question:

An increase in the price of the commodity when demand is inelastic causes the total expenditure of consumers of the commodity to:

A.

Increase

B.

Decrease

C.

Remains unchanged

D.

Any of the above

Answer» c. Remains unchanged

Note:

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