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The expression of total revenues, TR=pQ, can be expressed in percentage change terms as follows: Group of answer choices %changeTR=(1+ep)%changep, where ep is the direct
The expression of total revenues, TR=pQ, can be expressed in percentage change terms as follows: Group of answer choices %changeTR=(1+ep)%changep, where ep is the direct price elasticity of demand. %changeTR=(1+eI)%changep, where eI is the income elasticity of demand. %changeTR=(1/ep)%changep, where ep is the direct price elasticity of demand. %changeTR=(1/eI)%changep, where eI is the income elasticity of demand
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