_ If the demand for a good is inelastic, an increase in the price of t – McqOptions

MCQOPTIONS

1.	_ If the demand for a good is inelastic, an increase in the price of the good will cause the total expenditure of the consumers of the good to$?
A.	Remain the same
B.	Increase
C.	Decrease
D.	Any of the above
Answer» C. Decrease

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