If the demand for a commodity is inelastic an increase in its pice will cause the total expenditure ...........

Economics- Phase (I & II) Demand and Supply , Market Structures

If the demand for a commodity is inelastic, an increase in its pice will cause the total expenditure of the consumers of the commodity to

Remain the same

Increase

Decrease

Any of the above

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Explanation:

If the demand for a commodity is inelastic, an increase in its pice will cause the total expenditure of the consumers of the commodity to Increase. When demand is inelastic, a fall in the price of a commodity leads to fall in total expenditure on it. On the other hand, when price increases, total expenditure also increases.