Question

When price rises from F to E, the increase in revenue earned by the seller is​

Answer 1

Answer:

option d is correct

Explanation:

• when price rise by f to e revenue is
• ( price × quantity ) ef × oq = efrq

Answer 2

Concept

The revenue of a product is the product of the quantities sold and the price of the product.

Given

Initial price=f

initial quantity=q

decreased quantity=oq

To find

Increase in revenue?

Explanation

the initial revenue is OF*OQ1

the increased price is E

Then the increased revenue will be

OE*OQ-OF*OQ1

=Area of rectangle EFGR

Hence the increased revenue will be Area of rectangle EFGR

#SPJ2