Total revenue test
id:
total-revenue-test-281-18399297
title:
Total revenue test
text:
In economics, the total revenue test is a means for determining whether demand is elastic or inelastic. If an increase in price causes an increase in total revenue, then demand can be said to be inelastic, since the increase in price does not have a large impact on quantity demanded. If an increase in price causes a decrease in total revenue, then demand can be said to be elastic, since the increase in price has a large impact on quantity demanded. Different commodities may have different elasti
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Total_revenue_test
date created:
date modified:
2023-05-05T04:11:29Z
main entity:
{"identifier":"Q7828142","url":"https://www.wikidata.org/entity/Q7828142"}
image:
fields total:
13
integrity:
13