elasticity presenation 2

Now 2nd case if due to fall in price total expenditure decreases or due to rise in price te increases then elasticity is less than 1.ie when both price and te move in same direction elasticity is less than 1 : Now 2nd case if due to fall in price total expenditure decreases or due to rise in price te increases then elasticity is less than 1.ie when both price and te move in same direction elasticity is less than 1

3rd case when price and total expenditure move in opposite direction in that case elasticity is more than 1 : 3rd case when price and total expenditure move in opposite direction in that case elasticity is more than 1 That means when price increases te falls and when price falls te decreases

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