The total revenue received by sellers of a good is the same amount as the
A)total income earned by the buyers.
B)total amount spent on the good by the buyers.
C)price paid by the buyers for each unit of the good.
D)profits earned by the sellers of the good.

Question

Quizplus · Accepted Answer

The total revenue received by sellers of a good is equal to the total amount spent on the good by the buyers, as it represents the total income from sales for the sellers, which comes directly from the payments made by the buyers.

The Total Revenue Received by Sellers of a Good Is