Total Expenditure and Price Elasticity

Total Expenditure and Price Elasticity

Total expenditure (T.E) = Price x Quantity

a)      Elastic Demand

If demand is elastic (ED > 1), the fall in price leads to the rise in whole expenditure and a rise in price decreases it.

2020_Price Elasticity10.png

b)      Unitary Elastic Demand

If demand is unitary elastic (ED = 1), a fall or rise in the price leaves whole expenditure unchanged.


778_Price Elasticity11.png  

c)      Inelastic Demand

If the demand is inelastic (ED < 1), a fall in the price leads to a reduction in whole expenditure and a rise in price increases whole expenditure.

490_Price Elasticity12.png

Email based economics assignment help - homework help at TutorsGlobe

Are you searching accounting tutor for help with Total Expenditure and Price Elasticity questions?  Total Expenditure and Price Elasticity topic is not easier to learn without external help?  We at www.tutorsglobe.com offer finest service of economics assignment help and accounting homework help. Live tutors are available for 24x7 hours helping students in their Total Expenditure and Price Elasticity related problems. We provide step by step Total Expenditure and Price Elasticity question's answers with 100% plagiarism free content. We prepare quality content and notes for Total Expenditure and Price Elasticity topic under accounting theory and study material. These are avail for subscribed users and they can get advantages anytime.

Why TutorsGlobe for Total Expenditure and Price Elasticity assignment help

  • Higher degree holder and experienced tutors network
  • Punctuality and responsibility of work
  • Quality solution with 100% plagiarism free answers
  • Time on Delivery
  • Privacy of information and details
  • Excellence in solving accounting questions in excels and word format.
  • Best tutoring assistance 24x7 hours