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What happens to total expendition on a commodity when its price falls and its demand is price elastic?

+1 vote

asked Oct 23, 2018 in Class 12 by kratos

What happens to total expendition on a commodity when its price falls and its demand is price elastic?

concept of demand
consumers equilibrium and demand
cbse
theory of demand
class-12
consumers behaviour

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1 Answer

+1 vote

answered Sep 4, 2020 by kratos

Best answer

Total expenditure will increase.

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