If the demand for a good is inelastic, an
increase in its price will cause the total
expenditure of the consumers of the goods to
a) Remain the same
b) Increase
c) Decrease
d) Any of these
Answers
Answered by
5
I think the ans will be
Increase
Answered by
0
Answer:
Increase
Explanation:
consumers of the good to increase. Raising prices will always cause total revenue to increase.
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