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elasticity of demand and revenue

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

© BrainMass Inc. brainmass.com September 24, 2018, 8:19 am ad1c9bdddf - https://brainmass.com/economics/macroeconomics/elasticity-of-demand-and-revenue-72779

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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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