If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to:

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📊 Principles of Economics and Management

Q. If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to:

(A) Increase
(B) Decrease
(C) Remain the same
(D) Become zero

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✅ Correct Answer: (A) Increase

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