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Economics A Level

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Pregunta:

How can the Price Elastic Demand change over a Demand Curve? [For a Normal Good] -What happens to Revenue therefore?

Autor: go kys



Respuesta:

-It begins at Negative Infinity - High Price but 0 Demand -Then eventually reaches -1 at the Midway, and then to 0 when Price = 0 -Revenue will be Constantly Changing therefore. Total Revenue will be when the PED is - or + 1.


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Autor

go kys
go kys