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Suppose the price elasticity of demand for a good is – 0.2. How will the expenditure on the good be affected if there is a 10 % increase in the price of the good?a)Expenditure will not changeb)Expenditure will decreasec)Expenditure will increased)Expenditure will remain sameCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Suppose the price elasticity of demand for a good is – 0.2. How will the expenditure on the good be affected if there is a 10 % increase in the price of the good?a)Expenditure will not changeb)Expenditure will decreasec)Expenditure will increased)Expenditure will remain sameCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suppose the price elasticity of demand for a good is – 0.2. How will the expenditure on the good be affected if there is a 10 % increase in the price of the good?a)Expenditure will not changeb)Expenditure will decreasec)Expenditure will increased)Expenditure will remain sameCorrect answer is option 'C'. Can you explain this answer?.

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