Examlex
List and briefly explain three of the IT directions for the late 2010s
Total Revenues
The overall income received by a business from its operational activities, usually from sales of goods or services.
Price Elastic
Refers to the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.
Demand Schedules
A table that shows the quantity of a good or service that consumers are willing and able to purchase at various prices over a given period.
Price Elasticity
The degree to which consumer demand for a product reacts to shifts in its price, showcasing the level of consumer sensitivity to pricing alterations.
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