Economics A-Level
Consumer expenditure
What Consumer expenditure means in Economics A-Level, as defined for AQA.
Definition of Consumer expenditure
Check what you remember
Read the wording for your board, then hide it and explain Consumer expenditure in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Consumers' total expenditure on a good is exactly equal to the firms' total revenue from selling that good.
Topics that use Consumer expenditure
- Price, income and cross elasticities of demand (AQA A-Level)
Related terms
- Cross Elasticity of Demand (XED)
- Income Elasticity of Demand (YED)
- Price Elasticity of Demand (PED)
- Revenue maximisation
- Business decision-making
- Complementary goods
- Cross elasticity of demand
- Inferior good
Using Consumer expenditure in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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