Elasticity and revenue: do we need a reappraisal?

Manuel Sánchez-Moreno () and José Ruiz-Tamarit
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Manuel Sánchez-Moreno: Universitat de València

Economics Bulletin, 2002, vol. 4, issue 17, 1-7

Abstract: The relationship between price-elasticity of demand, price variations and total revenue changes might be considered as one of the most widely accepted results arising from consumer theory. Recently, however, this relationship has been put under suspicion on the basis of a misinterpretation of what economists have in mind when writing about it. In this paper we try to clarify concepts incorporating new elements into discussion with the aim of reaffirming the validity of this relationship.

Keywords: Price; elasticity (search for similar items in EconPapers)
JEL-codes: D0 (search for similar items in EconPapers)
Date: 2002-09-04
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