the graph above shows one stores projected demand curve for hand - held vacuum cleaners. if the demand at…

the graph above shows one stores projected demand curve for hand - held vacuum cleaners. if the demand at point p3 is fully satisfied, how much money will the store make by selling hand - held vacuum cleaners?\na. $900\nb. $600\nc. $400\nd. $270

the graph above shows one stores projected demand curve for hand - held vacuum cleaners. if the demand at point p3 is fully satisfied, how much money will the store make by selling hand - held vacuum cleaners?\na. $900\nb. $600\nc. $400\nd. $270

Answer

Explanation:

Step1: Identify price and quantity at P3

From the graph, at point P3, the price is $20 and the quantity is 45.

Step2: Calculate total revenue

Total revenue = Price × Quantity. So, total revenue = $20×45. $20\times45 = 900$

Answer:

a. $900