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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
When total expenditure increases in response to decrease in the price of the commodity the elasticity of demand is:
  1. Greater than unity.
  2. Less than unity.
  3. Unity.
  4. Infinity.
✓

Answer

  1. Greater than unity.

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