[14] For a commodity with a unitary elastic demand curve if the price – InterviewSolution

1.

[14] For a commodity with a unitary elastic demand curve if the price of thecommodity rises, then the consumer's total expenditure on thiscommodity would :(a) Increase(b) Decrease(c) Remains constant. (d) Either increase or decreaseif the demand for the goods is

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Explanation:

B option WOULD be CORRECT

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