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If the demand for a commodity is inelastic, an increase in its price will cause the total expenditure of the consumers of the commodity to

If the demand for a commodity is inelastic, an increase in its price will cause the total expenditure of the consumers of the commodity to

Q.         If the demand for a commodity is inelastic, an increase in its price will cause the total expenditure of the consumers of the commodity to:

A.           Remain the same      

B.            Increase

C.            Decrease          

D.           Any of the above

Answer: Increase

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