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     EduGorilla 
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    Suppose the price elasticity of demand for a good is – 0.2. How will the expenditure on the good be affected if there is a 10 % increase in the price of the good?

    Options :-

    1. Expenditure will increase

    2. Expenditure will decrease

    3. Expenditure will remain same

    4. Expenditure will not change

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