EPISODE · Apr 27, 2009 · 2 MIN
Price Elasticity of Demand and Total Revenue
from Econs for the Ipod · host Jonathan Evans
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.
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