A-LevelEconomicsThe price system and the microeconomy9708/12 · Feb/Mar 2020 · Q51 Mark
In which circumstance will the total expenditure by consumers on a good increase when its price increases?
ADemand for the good is income elastic.
BDemand for the good is price inelastic.
CThe price of a complementary good also increases.
DThe price of substitute goods also increases.
✓ Correct answer
B: Demand for the good is price inelastic.
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