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

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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.