Examlex
In order to provide information on two variables, what must an economist use?
Price-inelastic
A characteristic of a good for which demand does not change significantly when its price changes.
Total Revenue
The overall amount of money received by a company for goods sold or services provided during a certain time period.
Total Revenue
The total receipts a firm receives from sales of its product or services.
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.
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