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Suppose price elasticity of demand for a...

Suppose price elasticity of demand for a good is -0.2. How will the expenditure on good be affected if there is 10% increase in price of the good ?

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Given that `P.e_(D) = (-) 0.2` i.e. it is les than one. Here the demand is inelastic. It there is 10% increase in price of the good, the expenditure will rise.
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