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If the demand for a good is price elastic a fall...

This question belongs to Commerce Economics
Economics
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If the demand for a good is price elastic, a fall in its price will lead to:
(i) A rise in sales
(ii) A fall in sales
(iii) A rise in total expenditure on the good
(iv) A fall in total expenditure on the good

Answer & Solution
Correct Answer: Option A
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