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2. Elasticity and total revenue The following graph shows the daily demand curve for bikes in Houston. Use the green rectangle (triangle symbols) to compute

2. Elasticity and total revenue

The following graph shows the daily demand curve for bikes in Houston.

Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve.

Note: You will not be graded on any changes made to this graph.

Total Revenue0612182430364248546066723002752502252001751501251007550250PRICE (Dollars per bike)QUANTITY (Bikes)DemandAB

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