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2.6.4 PED, consumer expenditure & firms’ revenue

Topic 2.6.4 - PED, consumer expenditure and firms’ revenue This section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand Knowledge of PED for a good or service can be used by a firm to understand the impact of price changes on consumer expenditure (total spending) on the product. The total spending, also referred to as sales revenue, refers to the amount of money a firm earns from the...

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