Theory Of Consumer Behaviour

Question

With a fall in price if total expenditure on a good also falls, e_D for the good will be greater than unit elastic.

Answer

False as with a fall in price if total expenditure also falls, e_D will be inelastic or less than unit elastic.

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With a fall in price if total expenditure on a good also falls, e_D for the good will be greater than unit elastic.

Some More Questions From Theory Of Consumer Behaviour Chapter

Mock Test Series

NCERT Book Store

NCERT Sample Papers

Entrance Exams Preparation

With a fall in price if total expenditure on a good also falls, eD for the good will be greater than unit elastic.

Some More Questions From Theory Of Consumer Behaviour Chapter

Mock Test Series

NCERT Book Store

NCERT Sample Papers

Entrance Exams Preparation

With a fall in price if total expenditure on a good also falls, e_D for the good will be greater than unit elastic.