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

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

Q. 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:

  1. Increase
  2. B Decrease
  3. Remain the same
  4. Become zero

Answer: Increase

Demand and Supply MCQs
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