If the demand for a commodity is inelastic, an increase in its pice will cause the total expenditure of the consumers of the commodity to

If the demand for a commodity is inelastic, an increase in its pice will cause the total expenditure of the consumers of the commodity to

A).  Remain the same

B).  Increase

C).  Decrease

D).  Any of the above

---

Join Telegram Group

Answer This Question
Name:
Email:
Answer :
Sum of (4+3)
Submit:

Other Questions

1. Question 1:Why were reforms introduced in India?

2. Question 22:How will you know whether a worker is working in the informal sector?

3. The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

4. Which of the following commodities are both Principal Commodities of Export as well as Import for India(15-16) 1. Gems and Jewellery 2. Machinary 3. Chemicals and related Products 4. Textiles and allied products

5. The Finance Minister of India in one of his press conferences said that inflationary Pressure is likely to continue following recent increase in rates of some commodities in international markets. Which of the following commodities was he referring to as it gets frequent increase at international levels and disturbs our Home Economy substantially ?

6. Point where market demands will be same to market supply

7. Prices of Iron ore In Global Market registered a substantial rise in last few months (24%). This is attributed to the huge demand of the same in Global Market. Which of the following is a major importer of the Iron ore ?

8. Question 21:Who is a casual wage labourer?

9. The offer curves introduced by Alfred Marshall, helps us to understand how the ___ is established in international trade.

10. Which one of the following advises has/have been given by leading Economists to Finance Minister during their prebudget meeting with him ?(A) To take measures to boost farm productivity only.(B) To improve supply of agricultural products only.(C) To reduce the fiscal deficit only.