Edexcel A Level · 9EC0 · Theme 3: Business behaviour and the labour market
3.3.1 Revenue
Everything you need for questions on revenue, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Three revenue measures
- Revenue and PED
- Reading the curve
- Worked example
- Classic question: should a firm cut its price to raise revenue?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Price, PED and total revenue
- What happens to TR?
- Complete the table
- Revenue trainer
- Pricing for revenue
- Build the chain
- Exam practice
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