HOW ARE THE TOTAL REVENUE OF A FIRM MARKET PRICE AND QUANTITY SOLD BY THE FIRM RELATED TO EACH OTHER Share with your friends Share 0 Prince Verma answered this The answer given by Bahul is correct. The following relationship exists Total Revenue of the firm, market price and quantity sold by the firm ; Total revenue = Market price × Quantity of goods sold by the firm (in units) 2 View Full Answer Bahul answered this tr = p×q total revenue =price ×qty. 1