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GK
ENGLISH
CURRENT AFFAIRS
APTITUDE
BANKING
UGC NET
REASONING
COMPUTER SC.
COURSES
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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
A
Increase
B
Decrease
C
Remain the same
D
Become zero
View Answer
Answer & Explanation
Answer: Increase
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