Answer :
Reason – Under Expenditure Method, inelastic demand means when a fall in its price will result in decrease in expenditure on it, because expenditure and price are positively related.
Rate this question :
How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
view all courses
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation


RELATED QUESTIONS :
Explain the centr
Economics - Board PapersIn the given figu
Economics - Board PapersIdentify and disc
Economics - Board PapersWhat is a product
NCERT - Introductory Microeconomics