Total expenditure on a good increases with the fall in its price. State if the demand for the good is elastic or inelastic.

Total expenditure on a good increases with the fall in its price. Stat

1.	Total expenditure on a good increases with the fall in its price. State if the demand for the good is elastic or inelastic.
Answer» The demand is elastic (e_D>1) when total expenditure increases with the fall in price

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Total expenditure on a good increases with the fall in its price. State if the demand for the good is elastic or inelastic.

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