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Total Revenue
The total amount of money generated by the sale of goods or services before any costs are subtracted.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given time period.
Total Revenue
The total amount of money generated by the sale of goods or services before any expenses are subtracted.
Inelastic Portion
Part of the demand curve where consumers are less sensitive to price changes, meaning that the quantity demanded changes little with a significant price change.
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