Examlex
All of the following are advantages of decentralization EXCEPT ________.
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.
Unit Elasticity
Describes a scenario in demand or supply where the percentage change in quantity demanded or supplied is equal to the percentage change in price.
Total Revenue
The total income generated by a firm from its sales of goods or services, calculated as quantity sold times price.
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