Why Average Revenue is the same as the Demand Curve

In Unit 3 Business Economics we are told that D = AR, but why is this? AR is average revenue, and the calculation for average revenue is Total Revenue / Quantity. Total Revenue = Price * Quantity Therefore AR = Price * Quantity / Quantity => Price (as the Quantity is cancelled out) Hence AR Read more about Why Average Revenue is the same as the Demand Curve[…]