*/*_If the demand for a good is inelastic, an increase in its price wi – McqOptions

MCQOPTIONS

1.	/_If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to?
A.	Increase
B.	Decrease
C.	Remain the same
D.	Become zero
Answer» B. Decrease

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