Definition 3: Total Revenue 总收益 The total value of sales of a good or service 某种东西买者支付从而卖者得到的量。 定义式:TR=P \times QThe effect of elasticity on the total revenue: When demand is inelastic, a decrease in price will decrease the total revenue. When price is elastic, ...
elastic collision an elastic collision is one where there is no net loss in kinetic energy in the system due to the collision. inelastic collision an inelastic collision is a type of collision where this is a loss of kinetic energy. the lost kinetic energy is transformed into thermal energy,...
Cf. inelastic (def. 2). Physicsof, pertaining to, or noting a body having the property of elasticity. n. Textileswebbing, or material in the form of a band, made elastic, as with strips of rubber. something made from this material, as a garter. See rubber band. Neo-Latin elasticus...
Coming up next: Inelastic Demand | Definition, Graph & Examples You're on a roll. Keep up the good work! Take Quiz Watch Next Lesson Replay Just checking in. Are you still watching? Yes! Keep playing. Your next lesson will play in 10 seconds 0:00 What Is Elastic Demand? 1:...