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Revenue Curves – Perfectly Elastic Demand Curves (Edexcel Year 13 Micro 3.1)
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This is my fifth and final video on the Revenue Curves section of the syllabus, looking at what happens to Average Revenue, Total Revenue, and Marginal Revenue when the Demand Curve is perfectly inelastic. The second part of this video observes what happens to these three curves whenever demand shifts vertically up or down.
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