Examlex
An income summary account can be used when closing the books.
Price Range
The spread between the highest and lowest selling price of a good or service in a market over a certain period of time.
Total Revenues
The total amount of money generated by a firm from its sales activities before any expenses are subtracted.
Elastic
A description of a variable's sensitivity to change in another variable, often used in economics to describe how demand or supply responds to changes in price.
Price-elasticity Coefficient
A measure that calculates how much the quantity demanded of a good responds to a change in its price, quantitatively.
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