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MICROECONOMICS CH : 6 PRICE ELASTICITY OF DEMAND — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 6 PRICE ELASTICITY OF DEMAND1 Mark
MCQ
If due to fall in price, total expenditure on the commodity falls, it indicates:
  • A
    a case of inferior good
  • ✓
    price elasticity of demand is less than unity
  • C
    price elasticity of demand is infinity
  • D
    price elasticity of demand is greater than unity
✓

Answer

Correct option: B.
price elasticity of demand is less than unity
(b)

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