The Total Revenue Test of Price Elasticity of Demand ( part 1)

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  • Опубліковано 13 жов 2024
  • By looking at how a change in price affects the total revenues of producers in a market (whether TR increases or decreases) we can draw some quick and accurate conclusions about whether demand for a good is elastic, inelastic or unit elastic between two prices. We'll also learn that even along a straight-line demand curve there is a RANGE of elasticities of demand for every good.
    Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! econclassroom.c...

КОМЕНТАРІ • 9

  • @GG-bw3uz
    @GG-bw3uz 5 років тому +5

    I wish I had found this earlier, never bothered to use the resources internet can occasionally throw up.
    Never seen a clearer presentation.

  • @JunSimVocal
    @JunSimVocal 5 років тому +5

    but where can I find the full version of the song

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      @colbyshull1070 5 років тому +1

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      @adityabhardwaj3495 3 роки тому +2

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      @cluelessnpc5663 2 роки тому

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  • @yashigupta7245
    @yashigupta7245 2 роки тому

    Is total revenue not related with price elasticity of supply. We never look into the effect of total revenue with the elasticity of supply.why?

  • @marine2262
    @marine2262 3 роки тому +1

    is this HL or SL i never know

  • @MrCamelia65
    @MrCamelia65 8 років тому +1

    first