Examlex
Which of the following best reflects an increase in quantity supplied rather than an increase in supply?
Price Elasticity
A measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.
Total Revenue
The total income received by a company from its sales of goods or services, calculated without deducting any costs or expenses.
Price Range
The spread between the highest and lowest selling price of a commodity or service over a certain period of time, reflecting its market volatility or stability.
Elasticity of Demand
A determination of the responsiveness of consumer interest in a good due to price fluctuations.
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