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![Purdue UNiversity Global Unit 3 GB540 Assignment Economics for Global Decision Makers Price Elasticity of Demand and Total Revenue](/docpics/60ad259cc45b9_1131035.jpg)
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Purdue UNiversity Global Unit 3 GB540 Assignment Economics for Global Decision Makers Price Elasticity of Demand and Total Revenue
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Price Elasticity of Demand and Total Revenue



The world’s economy is driven by demand. Firms use this demand from products or services to help maximize profits by optimally setting prices. For firms to understand this demand is critical for it influences business decisions impacting total revenue for a company.
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Purdue UNiversity Global Unit 3 GB540 Assignment Economics for Global Decision Makers Price Elasticity of Demand and Total Revenue
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Price Elasticity of Demand and Total Revenue 
 
The world’s economy is driven by demand. Firms use this demand from products or services to help maximize profits by optimally setting prices. For firms to understand this demand is critical for it influences business decisions impacting total revenue for a company.
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Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia