Macroeconomics

Learn the toughest concepts covered in your Macroeconomics class with step-by-step video tutorials and practice problems.

Elasticity

Total Revenue Along a Linear Demand Curve

Next Topic
1

concept

Total Revenue Along a Linear Demand Curve

clock
7m
Play a video:
Was this helpful ?
1
2
Problem

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?

3
Problem

Use this graph to answer the following questions.

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

4
Problem

Use this graph to answer the following questions.

At what price is revenue maximized?