Examlex
When a convenience store near a school hangs a sign on their store window that reads "Only 3 students at a time in the store" in attempts to decrease theft,what type of discrimination is this?
Unit Elastic
A situation in economics where the percentage change in quantity demanded is equal to the percentage change in price, resulting in no change in total revenue.
Total Revenue
The overall financial returns a corporation secures by selling products and providing services across a certain interval.
Very Elastic
Very elastic describes demand that significantly changes in response to small changes in price, indicating high sensitivity of consumers.
Total Revenue
The sum of all payments received by a company for its products or services, not accounting for any expenses.
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