Consumer Price Index (CPI) - Definition, How to
2020-4-19 · Uses of Price Elasticity of Demand Price elasticity of demand allows a firm or business to predict the change in total revenue using a projected change in price. It provides a useful marker by which firms can find out whether or not any of the determinants listed above are present, e.g. whether or not there are substitutes in the market for a certain product.
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