If the unit price of a product is P and buyers buy a given quantity Q, then sellers would collect total revenues equal to:
A) P x Q
B) P + Q
C) P - Q
D) Q - P

Question

Quizplus · Accepted Answer

Total revenue is equal to the unit price multiplied by the quantity sold, therefore the correct formula is P x Q. The other answer choices are incorrect as they either add or subtract the unit price and quantity sold.

If the Unit Price of a Product Is P and Buyers