Total revenue is:
A) price X quantity.
B) quantity/price.
C) the elasticity of demand X price.
D) price + quantity.

Name: Total revenue is: A) price X quantity. B) quantity/price. C) the elasticity of demand X price. D) price + quantity.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Total revenue is defined as the income a firm receives from selling a certain quantity of goods or services at a certain price. Therefore, it is calculated as the price multiplied by the quantity sold.

Total Revenue Is