Question

The graph above shows one store’s 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?
a.
$900
b.
$600
c.
$400
d.
$270

Answer 1

I can't see the graph you mean. To answer I need the price and quantity at point P3 (or an image of the graph).

Revenue = price × quantity. Once you tell me P3's price and quantity I will multiply them and pick the correct choice.

If helpful, here are a few quick examples:
- If P3 is price $30 and quantity 30 → revenue = 30 × 30 = $900 (choice a).
- If P3 is price $15 and quantity 40 → revenue = 15 × 40 = $600 (choice b).
- If P3 is price $10 and quantity 40 → revenue = 10 × 40 = $400 (choice c).
- If P3 is price $9 and quantity 30 → revenue = 9 × 30 = $270 (choice d).

Send the P3 coordinates or the graph and I’ll pick the correct option.