What Is the Relationship Between Price Elasticity & Marginal Revenue? | Chron.com

What Is the Relationship Between Price Elasticity & Marginal Revenue? | Chron.com

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日期:2024-05-13
Price elasticity plays a crucial role in marginal revenue calculations. If a product or service has a high elasticity, then lowering the price even a little bit will increase demand considerably. This makes the marginal revenue potentially much more lucra...看更多