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elasticity of demand and revenue

Is there a relationship between the elasticity of demand and revenue? Explain.

© BrainMass Inc. brainmass.com July 21, 2018, 2:19 am ad1c9bdddf

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Yes, there exists a relationship between the elasticity and total revenue. If the demand is elastic (if the elasticity is more negative ...

Solution Summary

Correlate elasticity of demand and revenue.

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