The demand for a product is said to be inelastic if total consumer expenditures

A. remain constant as price changes.

B. rise more than price rises as a percentage.

C. fall when the price falls.

D. fall when the price rises.

E. rise less than the price as a percentage.

The demand for a product is said to be inelastic if total consumer expenditure (a) remains constant as process changes.

Change in price affects the demand for a product in the market. When the prices decrease, the demand for a product or service increases as more consumers will be able to afford them. An increase in price reduces the demand as consumers will go for substitutes that are affordable and still satisfy their needs.

The correct answer is (A).