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Revenue
The total income generated by a firm from its business activities, typically from the sale of goods and services to customers.
Midpoint Method
A technique used in economics to calculate the elasticity of demand or supply by using the average of the initial and final quantities and prices.
Price Elasticity
A measure in economics indicating how the quantity demanded of a good or service changes in response to a change in its price.
Price Y
Represents the specific market value or cost of a good or service named or implied as "Y."
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