A fall in the price of a commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity to:

Related MCQs

• When the demand curve is a rectangular hyperbola, it represents:
• The horizontal demand curve for a commodity shows that its demand is:
• If the percentage increase in quantity of a commodity demanded is its price, the coefficient of price elasticity of demand is:
• If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
• A fall in the price of a commodity leads to
• The relationship between demand for a commodity and price, ceteris paribus, is:
• If the income and substitution effect of a price increase works in the same direction the good whose price has changed is a
• When automatic fiscal stabilizers are in place, a shock that causes a fall in the kevel of economic activity automatically
• Demand for a commodity is elastic when it has:
• Demand curve slopes downwards because of