Examlex
Answer the following questions:
-New Imperialism
Total Revenues
The total income that a firm receives from the sale of its goods and services.
Inelastic
Describing a situation in which the demand or supply for a good or service is not significantly changed when the price changes.
Price Range
The spread between the highest and lowest price at which a product, service, or asset is traded or offered for sale.
Ed
A common abbreviation for price elasticity of demand, which measures how much the quantity demanded of a good responds to a change in its price.
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