The curve that shows the relationship between the total sales revenue and quantity sold is called the demand curve
The company accepts the pricing. Additionally, in this scenario, all businesses sell the same kinds of commodities. As a result, although the revenue fluctuates, the price does not. Here, the average revenue curve runs parallel to the X-axis in a straight line. Additionally, in this case, AR = MR.Price multiplied by the number of tickets sold equals total revenue (TR = P x Qd). Consider that the band initially considers a price that will result in the sale of a specific number of tickets. An increase in supply will result in a loss in total revenue when demand is inelastic, but a decrease in supply would result in an increase in total income. A rise in supply will result in an increase in total revenue when demand is elastic, while a fall in supply will result in a loss in total income.
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