{"id":119030,"date":"2022-09-27T10:48:19","date_gmt":"2022-09-27T05:18:19","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=119030"},"modified":"2022-09-27T10:48:31","modified_gmt":"2022-09-27T05:18:31","slug":"if-the-demand-for-a-good-is-inelastic-an-increase-in-its-price-will-cause-the-total-expenditure-of","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/if-the-demand-for-a-good-is-inelastic-an-increase-in-its-price-will-cause-the-total-expenditure-of\/","title":{"rendered":"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"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>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:<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\" type=\"A\"><li>Increase<\/li><li>B Decrease<\/li><li>Remain the same<\/li><li>Become zero<\/li><\/ol>\n\n\n\n<p>Answer: Increase<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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: Increase B Decrease Remain the same Become zero Answer: Increase<\/p>\n","protected":false},"author":419,"featured_media":119031,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4960],"tags":[4961],"offerexpiration":[],"class_list":["post-119030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-demand-and-supply-mcqs","tag-demand-and-supply-mcqs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/119030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=119030"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/119030\/revisions"}],"predecessor-version":[{"id":119032,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/119030\/revisions\/119032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/119031"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=119030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=119030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=119030"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=119030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}