Demand for a good is termed inelastic through the expenditure approach when if (Choose the correct alternative)(a) Price of the good falls, expenditure on it rises(b) Price of the good falls, expenditure on it falls(c) Price of the good falls, expenditure on it remains unchanged(d) Price of the good rises, expenditure on it falls

Demand for a good is termed inelastic through the expenditure approach

1.	Demand for a good is termed inelastic through the expenditure approach when if (Choose the correct alternative)(a) Price of the good falls, expenditure on it rises(b) Price of the good falls, expenditure on it falls(c) Price of the good falls, expenditure on it remains unchanged(d) Price of the good rises, expenditure on it falls
Answer» (b) Price of the good falls, expenditure on it falls

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