Answer: Revenue function is the required function that will represents the relationship between price and quantity sold.
Step-by-step explanation:
Revenue function represents the relationship between price and number of items sold.
As Revenue refers to the total receipt earned from selling the number of items at a particular price.
Mathematically, it is expressed as
[tex]R(x)=p\times q\\\\here,\\\\p\ denotes\ price\\\\q\ denotes\ quantity\ sold[/tex]
Hence, Revenue function is the required function that will represents the relationship between price and quantity sold.
