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For a commodity with a unitary elastic demand curve if the price of the commodity raises, then the consumer’s total expenditure on this commodity would:a)Increaseb)Decreasec)Remains constantd)Either increase or decreaseCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared
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For a commodity with a unitary elastic demand curve if the price of the commodity raises, then the consumer’s total expenditure on this commodity would:a)Increaseb)Decreasec)Remains constantd)Either increase or decreaseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for For a commodity with a unitary elastic demand curve if the price of the commodity raises, then the consumer’s total expenditure on this commodity would:a)Increaseb)Decreasec)Remains constantd)Either increase or decreaseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of For a commodity with a unitary elastic demand curve if the price of the commodity raises, then the consumer’s total expenditure on this commodity would:a)Increaseb)Decreasec)Remains constantd)Either increase or decreaseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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