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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

Question

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

[A] Increase

[B] Decrease

[C] Remain the same

[D] Become zero

Answer & Explanation
Answer: Increase

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