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PRICE AND REVENUE PRICE AND REVENUE

PRICE AND REVENUE - PowerPoint Presentation

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Uploaded On 2015-10-30

PRICE AND REVENUE - PPT Presentation

QUESTION CAN A BUSINESS ALWAYS INCREASE REVENUES BY INCREASING PRICES MOST PEOPLE WOULD SAY YES BUT REMEMBER THE DEMAND CURVE BUYERS WILL RESPOND BUY LESS WHEN PRICE UP BUY MORE WHEN PRICE DOWN ID: 177128

demand price bought quantity price demand quantity bought revenue elastic curve 000 buyers gallons buy amount reduce inelastic chg elasticity numerical risesrevenue

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