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A store’s supply/demand graph for ceiling fans is shown above. If the price is at the equilibrium point, how much money will the store make selling ceiling fans?

A stores supplydemand graph for ceiling fans is shown above If the price is at the equilibrium point how much money will the store make selling ceiling fans class=

Respuesta :

We know that

equilibrium point is a point where demand curve  and supply curve (S) intersect each other

so, D=S

so, equilibrium point is at x=40

and price at that point is p=45

we know that

revenue = price*quantity

revenue = 40*45

[tex]R=40*45[/tex]

[tex]R=1800[/tex]

so, the store will make $1800 by selling ceiling fans...........Answer

Answer:

✅ B. $1,800

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