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relationship between price and total expenditure
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relationship between price and total expenditure
The Price Elasticity of demand for a good and the total expenditure made in the good is greatly related to each other. it becomes important to determine the effect on the expenditure on a good the to change in the price of the good. we know that the price of a good and the demand for the good are inversely related to each other. so the responsiveness of demand in relation to changes in price determines the change in expenditure.
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relationship between price and total expenditure
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relationship between price and total expenditure for Class 12 2025 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about relationship between price and total expenditure covers all topics & solutions for Class 12 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for relationship between price and total expenditure.
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