Edexcel A Level Business - Theme 1 Exam Latest Questions and Correct Answers Rated A+
Total revenue or total expenditure - ANSWER-The amount of revenue generated from the sale of goods calculated by multiplying price by quantity in a given period of time Price elastic demand - ANSWER-A change in price results in a greater change in demand Price elasticity of demand - ANSWER-The responsiveness of demand to a change in price Price inelastic demand - ANSWER-A change in price results in a proportionately smaller change in demand Discretionary expenditure - ANSW
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edexcel a level business theme 1 exam latest 202