SlideShare ist ein Scribd-Unternehmen logo

Price elasticity of demand

•Als PPT, PDF herunterladen•
•
E
Emily Holmes
Bildung
1 von 8
Price Elasticity of Demand Economics
Price elasticity of demand ,[object Object],[object Object]
Elastic ,[object Object],[object Object],[object Object]
Inelastic ,[object Object],[object Object],[object Object]
Unitary Price Elasticity ,[object Object],[object Object]
Measuring Total Revenue ,[object Object],[object Object]
The relationship between price, elasticity, and total revenue Increasing price increases total revenue Increasing price decreases total revenue Inelastic Demand Decreasing price decreases total revenue Elastic Demand Decreasing price increases total revenue
Find the dollar value of total revenue at each of the six prices. At what price will total revenue be the greatest? How many units will sell at that price? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Empfohlen

Price elasticity of demand
Price elasticity of demandPrice elasticity of demand
Price elasticity of demand
Raghav Kapahi
 
Price elasticity of demand
Price elasticity of demandPrice elasticity of demand
Price elasticity of demand
Nidhi_Konnur
 
Price elasticity of demand (economics)
Price elasticity of demand (economics)Price elasticity of demand (economics)
Price elasticity of demand (economics)
Jowen Camille Bergantin
 
TYPES AND MEASUREMENTS OF ELASTICITY OF DEMAND
TYPES AND MEASUREMENTS OF ELASTICITY OF DEMANDTYPES AND MEASUREMENTS OF ELASTICITY OF DEMAND
TYPES AND MEASUREMENTS OF ELASTICITY OF DEMAND
Harinadh Karimikonda
 
Elasticity Of Demand
Elasticity Of DemandElasticity Of Demand
Elasticity Of Demand
bhawnabhatnagar
 
Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
GD Rungta College of Sci. & Tech. (Mgmt Department)
 
Types of price elasticity
Types of price elasticityTypes of price elasticity
Types of price elasticity
Savio Pereira
 
Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
suvarnapstpl
 

Empfohlen

Price elasticity of demand
Price elasticity of demandPrice elasticity of demand
Price elasticity of demand
Raghav Kapahi
 
Price elasticity of demand
Price elasticity of demandPrice elasticity of demand
Price elasticity of demand
Nidhi_Konnur
 
Price elasticity of demand (economics)
Price elasticity of demand (economics)Price elasticity of demand (economics)
Price elasticity of demand (economics)
Jowen Camille Bergantin
 
TYPES AND MEASUREMENTS OF ELASTICITY OF DEMAND
TYPES AND MEASUREMENTS OF ELASTICITY OF DEMANDTYPES AND MEASUREMENTS OF ELASTICITY OF DEMAND
TYPES AND MEASUREMENTS OF ELASTICITY OF DEMAND
Harinadh Karimikonda
 
Elasticity Of Demand
Elasticity Of DemandElasticity Of Demand
Elasticity Of Demand
bhawnabhatnagar
 
Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
GD Rungta College of Sci. & Tech. (Mgmt Department)
 
Types of price elasticity
Types of price elasticityTypes of price elasticity
Types of price elasticity
Savio Pereira
 
Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
suvarnapstpl
 
Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
Neha Mapari
 
Measurment of elasticity of demand
Measurment of elasticity of demandMeasurment of elasticity of demand
Measurment of elasticity of demand
Premraj Bhatta
 
Price elascity of demand
Price elascity of demandPrice elascity of demand
Price elascity of demand
Faith Martin
 
Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
Jithin Thomas
 
Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
Ujjwal 'Shanu'
 
Price Elasticity of Demand
Price Elasticity of Demand Price Elasticity of Demand
Price Elasticity of Demand
Patrick Rubix
 
Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
AmiteshYadav7
 
Elasticity of Demand - Concept and Measurements
Elasticity of Demand - Concept and MeasurementsElasticity of Demand - Concept and Measurements
Elasticity of Demand - Concept and Measurements
Sadia Tasnim
 
elasticity-Micro economics
elasticity-Micro economicselasticity-Micro economics
elasticity-Micro economics
Manohar Boda
 
Bec doms ppt on the elasticity of demand
Bec doms ppt on the elasticity of demandBec doms ppt on the elasticity of demand
Bec doms ppt on the elasticity of demand
Babasab Patil
 
Elasticity of Demand
Elasticity of DemandElasticity of Demand
Elasticity of Demand
Brian Coil
 
Elasticity of demand ppt-best gp
Elasticity of demand ppt-best gpElasticity of demand ppt-best gp
Elasticity of demand ppt-best gp
PROF. PUTTU GURU PRASAD
 
Elasticity Ppt
Elasticity PptElasticity Ppt
Elasticity Ppt
itsvineeth209
 
Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
ravi kant
 
ELASTICITY OF DEMAND
ELASTICITY OF DEMANDELASTICITY OF DEMAND
ELASTICITY OF DEMAND
Rohan Ranjane
 
Price elasticity of demand
Price elasticity of demandPrice elasticity of demand
Price elasticity of demand
businesstopia
 
Part 2 ofelasticity of demand
Part 2 ofelasticity of demandPart 2 ofelasticity of demand
Part 2 ofelasticity of demand
Chaitra GR
 
Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
Naganandini Devi
 
The Concept of Elasticity
The Concept of ElasticityThe Concept of Elasticity
The Concept of Elasticity
aizellbernal
 
Micro Economics
Micro EconomicsMicro Economics
Micro Economics
dezyneecole
 
Equilibrium price determination
Equilibrium price determinationEquilibrium price determination
Equilibrium price determination
Debanshu Ghosh
 
Price and Equilibrium
Price and EquilibriumPrice and Equilibrium
Price and Equilibrium
Brian Coil
 

Weitere ähnliche Inhalte

Was ist angesagt?

Price Elasticity of Demand
Price Elasticity of Demand Price Elasticity of Demand
Price Elasticity of Demand
Patrick Rubix
 
elasticity-Micro economics
elasticity-Micro economicselasticity-Micro economics
elasticity-Micro economics
Manohar Boda
 
The Concept of Elasticity
The Concept of ElasticityThe Concept of Elasticity
The Concept of Elasticity
aizellbernal
 

Was ist angesagt? (20)

Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
 
Measurment of elasticity of demand
Measurment of elasticity of demandMeasurment of elasticity of demand
Measurment of elasticity of demand
 
Price elascity of demand
Price elascity of demandPrice elascity of demand
Price elascity of demand
 
Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
 
Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
 
Price Elasticity of Demand
Price Elasticity of Demand Price Elasticity of Demand
Price Elasticity of Demand
 
Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
 
Elasticity of Demand - Concept and Measurements
Elasticity of Demand - Concept and MeasurementsElasticity of Demand - Concept and Measurements
Elasticity of Demand - Concept and Measurements
 
elasticity-Micro economics
elasticity-Micro economicselasticity-Micro economics
elasticity-Micro economics
 
Bec doms ppt on the elasticity of demand
Bec doms ppt on the elasticity of demandBec doms ppt on the elasticity of demand
Bec doms ppt on the elasticity of demand
 
Elasticity of Demand
Elasticity of DemandElasticity of Demand
Elasticity of Demand
 
Elasticity of demand ppt-best gp
Elasticity of demand ppt-best gpElasticity of demand ppt-best gp
Elasticity of demand ppt-best gp
 
Elasticity Ppt
Elasticity PptElasticity Ppt
Elasticity Ppt
 
Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
 
ELASTICITY OF DEMAND
ELASTICITY OF DEMANDELASTICITY OF DEMAND
ELASTICITY OF DEMAND
 
Price elasticity of demand
Price elasticity of demandPrice elasticity of demand
Price elasticity of demand
 
Part 2 ofelasticity of demand
Part 2 ofelasticity of demandPart 2 ofelasticity of demand
Part 2 ofelasticity of demand
 
Elasticity of demand
Elasticity of demandElasticity of demand
Elasticity of demand
 
The Concept of Elasticity
The Concept of ElasticityThe Concept of Elasticity
The Concept of Elasticity
 
Micro Economics
Micro EconomicsMicro Economics
Micro Economics
 

Andere mochten auch

Equilibrium price determination
Equilibrium price determinationEquilibrium price determination
Equilibrium price determination
Debanshu Ghosh
 
integrated marketing communication
integrated marketing communicationintegrated marketing communication
integrated marketing communication
Tushar Narula
 
Integrated Marketing Communication
Integrated Marketing CommunicationIntegrated Marketing Communication
Integrated Marketing Communication
singh.the.hacker
 
Integrated Marketing Communications
Integrated Marketing CommunicationsIntegrated Marketing Communications
Integrated Marketing Communications
Davidt123
 
Demand, Supply, and Market Equilibrium
Demand, Supply, and Market EquilibriumDemand, Supply, and Market Equilibrium
Demand, Supply, and Market Equilibrium
Noel Buensuceso
 

Andere mochten auch (10)

Equilibrium price determination
Equilibrium price determinationEquilibrium price determination
Equilibrium price determination
 
Price and Equilibrium
Price and EquilibriumPrice and Equilibrium
Price and Equilibrium
 
Demand supply & equilibrium price
Demand supply & equilibrium price Demand supply & equilibrium price
Demand supply & equilibrium price
 
Chap2
Chap2Chap2
Chap2
 
Integrated marketing communication
Integrated marketing communicationIntegrated marketing communication
Integrated marketing communication
 
integrated marketing communication
integrated marketing communicationintegrated marketing communication
integrated marketing communication
 
Integrated Marketing Communication
Integrated Marketing CommunicationIntegrated Marketing Communication
Integrated Marketing Communication
 
The Role of Integrated Marketing Communications
The Role of Integrated Marketing CommunicationsThe Role of Integrated Marketing Communications
The Role of Integrated Marketing Communications
 
Integrated Marketing Communications
Integrated Marketing CommunicationsIntegrated Marketing Communications
Integrated Marketing Communications
 
Demand, Supply, and Market Equilibrium
Demand, Supply, and Market EquilibriumDemand, Supply, and Market Equilibrium
Demand, Supply, and Market Equilibrium
 

Ähnlich wie Price elasticity of demand

Elasticity Of Demand
Elasticity Of DemandElasticity Of Demand
Elasticity Of Demand
mscuttle
 
asfagidsjhlds;gadshdhhdhsdheywqtqwtwqteqyreqry
asfagidsjhlds;gadshdhhdhsdheywqtqwtwqteqyreqryasfagidsjhlds;gadshdhhdhsdheywqtqwtwqteqyreqry
asfagidsjhlds;gadshdhhdhsdheywqtqwtwqteqyreqry
harshulyadav2
 
Demandnsupply economics
Demandnsupply economicsDemandnsupply economics
Demandnsupply economics
mitesh1990
 
Price elasticity of demand and its application
Price elasticity of demand and its applicationPrice elasticity of demand and its application
Price elasticity of demand and its application
Awesh Bhornya
 
2.4 concepts of elasticity and use of labour demand elasticity.
2.4 concepts of elasticity and use of labour demand elasticity.2.4 concepts of elasticity and use of labour demand elasticity.
2.4 concepts of elasticity and use of labour demand elasticity.
abir hossain
 

Ähnlich wie Price elasticity of demand (20)

Elasticity Of Supply Micro Economics ECO101
Elasticity Of Supply Micro Economics ECO101Elasticity Of Supply Micro Economics ECO101
Elasticity Of Supply Micro Economics ECO101
 
Elasticity Of Demand
Elasticity Of DemandElasticity Of Demand
Elasticity Of Demand
 
2Elasticity Analysis.pdf
2Elasticity Analysis.pdf2Elasticity Analysis.pdf
2Elasticity Analysis.pdf
 
2Elasticity Analysis.pdf
2Elasticity Analysis.pdf2Elasticity Analysis.pdf
2Elasticity Analysis.pdf
 
Business Econimics.ppt
Business Econimics.pptBusiness Econimics.ppt
Business Econimics.ppt
 
asfagidsjhlds;gadshdhhdhsdheywqtqwtwqteqyreqry
asfagidsjhlds;gadshdhhdhsdheywqtqwtwqteqyreqryasfagidsjhlds;gadshdhhdhsdheywqtqwtwqteqyreqry
asfagidsjhlds;gadshdhhdhsdheywqtqwtwqteqyreqry
 
Slide-LSE-2-Ekonomi.ppt
Slide-LSE-2-Ekonomi.pptSlide-LSE-2-Ekonomi.ppt
Slide-LSE-2-Ekonomi.ppt
 
Lecture 4 elsasticity
Lecture 4 elsasticityLecture 4 elsasticity
Lecture 4 elsasticity
 
00000000000
0000000000000000000000
00000000000
 
Demandnsupply economics
Demandnsupply economicsDemandnsupply economics
Demandnsupply economics
 
Introduction to economics (Demand and Supply + Elasticity of Demand)
Introduction to economics (Demand and Supply + Elasticity of Demand)Introduction to economics (Demand and Supply + Elasticity of Demand)
Introduction to economics (Demand and Supply + Elasticity of Demand)
 
Application of supply and demand
Application of supply and demandApplication of supply and demand
Application of supply and demand
 
Price elasticity of demand and its application
Price elasticity of demand and its applicationPrice elasticity of demand and its application
Price elasticity of demand and its application
 
Elasticity of Supply
Elasticity of SupplyElasticity of Supply
Elasticity of Supply
 
price elasticity of Demand ppt.pptx
price elasticity of Demand ppt.pptxprice elasticity of Demand ppt.pptx
price elasticity of Demand ppt.pptx
 
Elasticity of supply
Elasticity of supplyElasticity of supply
Elasticity of supply
 
Economics Basics
Economics BasicsEconomics Basics
Economics Basics
 
Price, cross and income elasticity
Price, cross and income elasticityPrice, cross and income elasticity
Price, cross and income elasticity
 
Elasticity
ElasticityElasticity
Elasticity
 
2.4 concepts of elasticity and use of labour demand elasticity.
2.4 concepts of elasticity and use of labour demand elasticity.2.4 concepts of elasticity and use of labour demand elasticity.
2.4 concepts of elasticity and use of labour demand elasticity.
 

Mehr von Emily Holmes

The history of the american bank
The history of the american bankThe history of the american bank
The history of the american bank
Emily Holmes
 
Banking in the early 20th century
Banking in the early 20th centuryBanking in the early 20th century
Banking in the early 20th century
Emily Holmes
 
Monopolies and oligopolies
Monopolies and oligopoliesMonopolies and oligopolies
Monopolies and oligopolies
Emily Holmes
 
The market structure
The market structureThe market structure
The market structure
Emily Holmes
 
Combining supply and demand
Combining supply and demandCombining supply and demand
Combining supply and demand
Emily Holmes
 
Why we love demand!
Why we love demand!Why we love demand!
Why we love demand!
Emily Holmes
 
Chapter 4~the private sector
Chapter 4~the private sectorChapter 4~the private sector
Chapter 4~the private sector
Emily Holmes
 
Market vs. command
Market vs. commandMarket vs. command
Market vs. command
Emily Holmes
 

Mehr von Emily Holmes (16)

Poverty
PovertyPoverty
Poverty
 
Money and banking
Money and bankingMoney and banking
Money and banking
 
The history of the american bank
The history of the american bankThe history of the american bank
The history of the american bank
 
Banking in the early 20th century
Banking in the early 20th centuryBanking in the early 20th century
Banking in the early 20th century
 
Monopolies and oligopolies
Monopolies and oligopoliesMonopolies and oligopolies
Monopolies and oligopolies
 
The market structure
The market structureThe market structure
The market structure
 
Marginal utility
Marginal utilityMarginal utility
Marginal utility
 
Supply
SupplySupply
Supply
 
Combining supply and demand
Combining supply and demandCombining supply and demand
Combining supply and demand
 
Why we love demand!
Why we love demand!Why we love demand!
Why we love demand!
 
Public goods
Public goodsPublic goods
Public goods
 
Externalities
ExternalitiesExternalities
Externalities
 
Chapter 4~the private sector
Chapter 4~the private sectorChapter 4~the private sector
Chapter 4~the private sector
 
Scarcity
ScarcityScarcity
Scarcity
 
Opportunity cost
Opportunity costOpportunity cost
Opportunity cost
 
Market vs. command
Market vs. commandMarket vs. command
Market vs. command
 

Kürzlich hochgeladen

Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
ciinovamais
 
Seal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptxSeal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptx
negromaestrong
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
QucHHunhnh
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
kauryashika82
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
heathfieldcps1
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
QucHHunhnh
 

Kürzlich hochgeladen (20)

INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
Measures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDMeasures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SD
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdf
 
Seal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptxSeal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptx
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
 
Role Of Transgenic Animal In Target Validation-1.pptx
Role Of Transgenic Animal In Target Validation-1.pptxRole Of Transgenic Animal In Target Validation-1.pptx
Role Of Transgenic Animal In Target Validation-1.pptx
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 

Price elasticity of demand

  • 1. Price Elasticity of Demand Economics
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7. The relationship between price, elasticity, and total revenue Increasing price increases total revenue Increasing price decreases total revenue Inelastic Demand Decreasing price decreases total revenue Elastic Demand Decreasing price increases total revenue
  • 8.