Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.
Tags
#cfa #cfa-level-1 #economics #has-images #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4
Question
The total expenditure by buyers becomes the [...] to sellers in a market.
Answer
total revenue
Tags
#cfa #cfa-level-1 #economics #has-images #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4
Question
The total expenditure by buyers becomes the [...] to sellers in a market.
Answer
?
Tags
#cfa #cfa-level-1 #economics #has-images #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4
Question
The total expenditure by buyers becomes the [...] to sellers in a market.
Answer
total revenue
If you want to change selection, open document below and click on "Move attachment"
Exhibit 22. Elasticity and Total Expenditure
d>it does not matter whether we are dealing with the demand curve of an individual consumer, the demand curve of the market, or the demand curve facing any given seller. The total expenditure by buyers becomes the total revenue to sellers in a market. If demand is elastic, a fall in price will result in an increase in total revenue as a whole, and if demand is inelastic, a fall in price will result
Exhibit 22. Elasticity and Total Expenditure
d>it does not matter whether we are dealing with the demand curve of an individual consumer, the demand curve of the market, or the demand curve facing any given seller. The total expenditure by buyers becomes the total revenue to sellers in a market. If demand is elastic, a fall in price will result in an increase in total revenue as a whole, and if demand is inelastic, a fall in price will result
Summary
| status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
|---|---|---|---|---|---|---|---|
| repetition number in this series | 0 | memorised on | scheduled repetition | ||||
| scheduled repetition interval | last repetition or drill |
Details
No repetitionsDiscussion
Do you want to join discussion? Click here to log in or create user.