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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
When total expenditure increases in response to decrease in own price of the commodity, the elasticity of demand is:
  • ✓
    greater than unity
  • B
    less than unity
  • C
    unity
  • D
    infinity
✓

Answer

Correct option: A.
greater than unity
(a)

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