🎯 Key Takeaways for quick navigation: 01:58 💰 When demand is inelastic, an increase in price leads to higher total revenue, and a decrease in price results in lower total revenue. 06:40 💰 When demand is elastic, an increase in price decreases total revenue, while a price decrease increases total revenue. 08:19 💰 When demand is unitary, total revenue remains constant despite price changes. Made with HARPA AI
