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Recent content by ecowhiz

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Discuss doubts: P1 and P2 Economics AS

Yes, it causes an increase in the nominal revenue received from exports if export elasticity is inelastic. This is because, under such conditions, decline in quantity is less than increase in price, so the Total Outlay = P * Q increases. Whether the real revenue increases or decreases depends...
- ecowhiz
- Post #72
- May 21, 2012
- Forum: A-Levels

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