When prices of commodity B rises by 10% the revenue received by firms that sell B rises by 5 percent,. This is an example of?

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
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When prices of commodity B rises by 10% the revenue received by firms that sell B rises by 5 percent,. This is an example of?

 

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