When as a result of an increase in the price of a good, the total expenditure made on it falls, we say that price elasticity of demand is ____________.

less than unity

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one

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zero

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greater than unity

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Solution

The correct option is A greater than unity
When as a result of an increase in the price of a good, the total expenditure made on it falls, we say that price elasticity of demand is greater than unity.

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When as a result of an increase in the price of a good, the total expenditure made on it falls, we say that price elasticity of demand is ____________.

The correct option is A greater than unityWhen as a result of an increase in the price of a good, the total expenditure made on it falls, we say that price elasticity of demand is greater than unity.

The correct option is A greater than unity
When as a result of an increase in the price of a good, the total expenditure made on it falls, we say that price elasticity of demand is greater than unity.