Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

As a result of a fall in the price total expenditure on the commodity decreases, the coefficient of elasticity will be:

/ » Micro Economics 1 solved MCQs / By
Question:

As a result of a fall in the price total expenditure on the commodity decreases, the coefficient of elasticity will be:

A.

Equal to one

B.

Greater than one

C.

Less than one

D.

Cannot say

Answer» c. Less than one

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