relationship between price elasticity of demand and total expenditure
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If demand is relatively inelastic, then changes in price cause total expenditure to change in the same direction. If demand is unit elastic, then changes in price do not cause any change in total expenditure. ... The price elasticity of demand is the relative change in quantity demanded due to a change in price.
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ups and down in trade of products called price elasticity....
the expenditure occurs for the event or project called total expenditure
the expenditure occurs for the event or project called total expenditure
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