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Theory of consumer behaviour — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour1 Mark
MCQ
The demand of a commodity when measured through the expenditure approach is inelastic. A fall in its price will result in:
  • A
    No change in expenditure on it.
  • B
    Increase in expenditure on it.
  • ✓
    Decrease in expenditure on it.
  • D
    Any one of the above.
✓

Answer

Correct option: C.
Decrease in expenditure on it.

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