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:
• Exceptional Demand Curve (Perverse demand curve)
• 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
• When the quantity demanded of a commodity rises due to a fall in price, it is called
• A fall in the price of a commodity leads to
• When the quantity demanded of a commodity rises due to a fall in price, it is called
• The proportionate change in the quantity demanded of a commodity in response to change in the price of another related commodity is called
• The relationship between demand for a commodity and price, ceteris paribus, is: