suppose that the price of wheat is perfectly in inelastic how will a reduction in demand for wheat affect the total expenditure of those using it.the expenditure on it will raise.the expenditure on it will fall.the expenditure on it will not change
Added by Christina H.
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Perfectly inelastic demand means that the quantity demanded does not change regardless of the price. Consumers will buy the same amount of wheat no matter what happens to its price. Show more…
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