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Ch. 4 - ElasticityWorksheetSee all chapters

# Total Revenue Along a Linear Demand Curve

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Sections
Percentage Change and Price Elasticity of Demand
Elasticity and the Midpoint Method
Price Elasticity of Demand on a Graph
Determinants of Price Elasticity of Demand
Total Revenue Test
Total Revenue Along a Linear Demand Curve
Income Elasticity of Demand
Cross-Price Elasticity of Demand
Price Elasticity of Supply
Price Elasticity of Supply on a Graph
Elasticity Summary

Concept #1: Total Revenue Along a Linear Demand Curve

###### Expert Q&A

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Practice: Use this graph to answer the following questions.

What is the elasticity of demand when the price of the good changes from $3 to$5?

Practice: Use this graph to answer the following questions.

At what price is the elasticity of demand for the product equal to one?

Practice: Use this graph to answer the following questions.

At what price is revenue maximized?

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