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Suppose the price elasticity of demand f...

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

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Total expenditure will rise if there is 10% rise in the price of the good since its demand is inelastic (Given ED = 0.2).
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FULL MARKS-ELASTICITY OF DEMAND -NCERT TEXTBOOK QUESTIONS SOLVED
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