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2.2.7 relationship between price elasticity of demand and total expenditure on a product
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Total Revenue and PED

Total Revenue and PED

Total revenue, also called total expenditure, is the amount consumers spend on a product. It is calculated by multiplying price by quantity sold:

TR=P×Q TR = P \times Q TR=P×Q

2.2.7 relationship between price elasticity of demand and total expenditure on a product Lesson

  1. Intl A Level
  2. /Economics
  3. /2.2.7 relationship between price elasticity of demand and total expenditure on a product

Step-by-step lessons on CIE Intl A Level Economics 2.2.7 relationship between price elasticity of demand and total expenditure on a product. Each one builds up to exam-style questions.

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