Assertion: elasticity | /r/HasProperty | fall
Facets:
value: in the demand
type: OTHER
value: in price
type: OTHER
Source sentences:
text: If elasticity of demand is unity, a rise or a fall in price leaves total expenditure on the good unaffected.
text: Similarly due to an increase in the price of a good if there is a fall in the demand and as a result there is a decline in the total expenditure then also the elasticity of demand is greater than one.