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Quantity total revenue - PowerPoint PPT Presentation

What effect does a change in price have on the quantity demanded?

What effect does a change in price have on the quantity demanded?. Elasticity of demand is the response to price change for different goods. How do different goods respond to being dropped?. An anology. DROP A SOCCER BALL ?. GOOD RESPONSE. ELASTIC. BUT, DROP A FORK LIFT ?.

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Quantity total revenue - PowerPoint PPT Presentation

What effect does a change in price have on the quantity demanded?