Demand for a good is termed inelastic through the expenditure approach when if choose the correct alternative CBSE Economics class 12 2017

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Demand for a good is termed inelastic through the expenditure approach when if (choose the correct alternative) - CBSE Economics class 12 2017

a) Price of good falls ,expenditure on it rises
b) Price of the good falls , expenditure in it falls
c) Price of the good falls ,expenditure on it remains unchanged
d) Price of the good rises ,expenditure in it falls
(-Appeared in CBSE economics class 12, 2017, All India, Set 1 paper)


Asked On2017-07-19 06:22:48 by:Aparna-Dasgupta

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Answers

The correct answer is option (b). Demand for demand is inelastic through the expenditure approach when price of the good falls and expenditure also falls.
                                                                                                       

Answerd on:2017-07-20 Answerd By:milan-ransingh

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