Price Elasticity of Demand and Total Revenue
- Author
- Jonathan Evans
- Published
- Mon 27 Apr 2009
- Episode Link
- https://www.podomatic.com/podcasts/jonathanevans/episodes/2009-04-27T04_58_16-07_00
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.
