Sail E0 Webinar
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
Options:
A .  Increase
B .  Decrease
C .  Remain the same
D .  Become zero
Answer: Option A

Submit Your Solution Below and Earn Points !
Next Question

Submit Solution

Your email address will not be published. Required fields are marked *

Latest Videos

Latest Test Papers