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Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour1 Mark
Question
The demand of a commodity when measured through the expenditure approach is inelastic. A fall in its price will result in:
  1. No change in expenditure on it.
  2. Increase in expenditure on it.
  3. Decrease in expenditure on it.
  4. Any one of the above.
✓

Answer

  1. Decrease in expenditure on it.

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