Examlex

Solved

Spelling -Select the Term That Is Spelled Correctly

question 87

Multiple Choice

Spelling
-Select the term that is spelled correctly:


Definitions:

Price Elastic

A term describing how responsive the demand for a good is to a change in its price.

Total Revenue

The total amount of money generated by a business from the sale of its goods or services before any costs or expenses are deducted.

Total Revenue

The total amount of money received by a company for goods sold or services provided during a certain period of time.

Price Inelastic

A characteristic of a good for which the demand does not significantly change with a change in its price.

Related Questions