According to total outlay method, the demand of a good is sinelastic when

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Rajeev Malhotra

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Q. According to total outlay method, the demand of a good is sinelastic when

(A) Price will fall with the increase in amount spent
(B) When price of good decreases and money spent decreases
(C) Expenditure remains the same, even if price falls
(D) Expenditure decreases with the increase in price.

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✅ Correct Answer: (B) When price of good decreases and money spent decreases

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