A devaluation or fall in the value of the Rupee is most likely to decrease total expenditure on imports if:

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Economics · International Economics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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The price elasticity of demand for imports is price elastic (> 1)

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Answer 1

The price elasticity of demand for exports is inelastic (< 1)

Answer 2

The price elasticity of demand for imports is unit elastic (= 1)

Answer 3

The price elasticity of demand for imports is price inelastic (< 1)

Answer 4

The price elasticity of demand for imports is price elastic (> 1)

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