Defend or refute the statement. Write ‘yes’ or ‘no’ with reaso – InterviewSolution

1.	Defend or refute the statement. Write ‘yes’ or ‘no’ with reason:If price elasticity of demand is zero, it means expenditure on the commodity does not change with change in price of the commodity.
Answer» No. When E_d = 0, demand remains constant, no matter what the price is. Implying that total expenditure may increase/decrease, but not the quantity demanded.

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