An increase in the price of a commodity when demand is inelastic causes the total expenditures of consumers of the commodity to:
CA Foundation · Business Economics · MTP · September 2025
An increase in the price of a commodity when demand is inelastic causes the total expenditures of consumers of the commodity to:
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. Increase,
Topics: Theory of Demand and Supply
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