Business A-Level
revenue effects
What revenue effects means in Business A-Level, as defined for AQA.
Definition of revenue effects
Check what you remember
Read the wording for your board, then hide it and explain revenue effects in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The consequence for revenue of a coefficient: with inelastic demand a price rise raises revenue, and with elastic demand a price cut is the route to more revenue.
Topics that use revenue effects
- Annex: quantitative skills in business (AQA A-Level)
Related terms
- analysis
- average rate of return
- averages
- axes and scales
- base year
- benchmarking
- break-even charts
- break-even output
Using revenue effects in the exam
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