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 - Study24x7
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Finance/CA
40 followers study24x7 14 Jun 2021 01:15 PM study24x7 study24x7

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

MBA/Management CLAT/CE-Law Finance/CA
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