Question
If price elasticity of demand is zero, it means expenditure on the commodity does not change with change in price of the commodity.
Answer: Option B
:
B
False. When Ed = 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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:
B
False. When Ed = 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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