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

Name: Total revenue is: A) price × 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 represents the amount of money a company earns from selling its products or services. It is calculated by multiplying the price of the product or service by the quantity sold. Therefore, the correct choice is A) price × quantity.

Total Revenue Is