Using IFRS, which of the following items is matched correctly with its basis of valuation for purposes of reporting on the statement of financial position? 
Definitions:
Total Revenue
The overall amount of money generated by a firm from selling its goods or services, calculated as the unit price multiplied by the quantity sold.
Perfectly Inelastic Demand
The case in which the quantity demanded does not respond at all to changes in the price; the demand curve is a vertical line.
Demand Curves
A graph representing the relationship between the price of a good and the quantity of that good buyers are willing to purchase at various prices.
Price Elasticity
The measure of how much the quantity demanded of a good responds to a change in the price of that good, defined as the percentage change in quantity demanded divided by the percentage change in price.
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