Examlex
Which of the following factors is not used to determine whether an activity is a hobby or a business?
Total Revenue
The total amount of money generated from the sale of goods or services before any expenses are subtracted.
Price Elasticity
A measure of how much the quantity demanded of a good or service changes in response to a change in its price.
Consumption Reduction
A decrease in the amount of goods and services consumed by individuals or communities, often aimed at saving resources or money.
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