English, asked by shivampandey1310, 2 months ago


23. 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​

Answers

Answered by mannemvenkatramana13
1

Answer:

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Explanation:

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 increase. Raising prices will always cause total revenue to increase.

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