Econs For The Ipod
Price Elasticity of Demand and Total Revenue
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:02:45
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Sinopse
In this podcast, we examine the impact of Price Elasticity of Demand on Total Revenue. We look at two situations...if the price of an inelastic good rises and if the price of an elastic good rises...to show how price elasticity of demand is an important concept within business decision making.