If demand is ________ then price cuts will ________ spending? - Answer and Explanation

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If demand is then price cuts will spending?

Anone of the above

Belastic; increase

Celastic, decrease

Dinelastic; increase

Correct answer

B. elastic; increase

Explanation

The correct answer is elastic; increase.

If demand is ________ then price cuts will ________ spending? - Answer and Explanation | Academy of Pakistan