Accessories - X M Inbox (1,621) - X Homework Ch x MindTap - Cen X C The following X C The following X | Chegg.com x C On the followir x *Homework He X C ng.cengage.com/staticb/ui/evo/index.html?deploymentld=598281249651270263842165013&elSBN=9780357133606&snapshotld=3030565&id=153917018... (d A Anna v CENGAGE | MINDTAP Q Search this course ? My Home Homework Ch 5 - A X The following graph shows the daily demand curve for bikes in Houston. Courses Catalog and Study Tools Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. A-Z Rental Options Note: You will not be graded on any changes made to this graph. College Success Tips Career Success Tips ? RECOMMENDED FOR YOU 120 110 TIME TO STUD 100 Total Revenue 8 bongo 80 Making Time to Study 70 8 PRICE (Dollars per bike) ? Help 50 Give Feedback 4 A A+ Demand o 0 3 6 9 12 15 18 21 24 27 30 33 36 QUANTITY (Bikes)Accessories - X M Inbox (1,621) - X Homework Ch x MindTap - Cen x C The following X C The following X | Chegg.com x C On the followir x *Homework He X C ng.cengage.com/staticb/ui/evo/index.html? deploymentld=598281249651270263842165013&elSBN=9780357133606&snapshotld=3030565&id=153917018... (d A : Anna v CENGAGE | MINDTAP Q Search this course ? My Home Homework Ch 5 - A X Courses On the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $20, $30, $40, $50, $60, $70, and $80 per bike. Catalog and Study Tools ? A-Z Rental Options College Success Tips 1300 Career Success Tips 1200 Total Revenue 1100 RECOMMENDED FOR YOU 1000 90 TIME TO STUD TOTAL REVENUE (Dollars) 800 bongo 700 Making Time to Study 600 ? Help 500 400 Give Feedback 0 10 20 30 40 50 60 70 80 90 100 110 120 PRICE (Dollars per bike) A+ According to the midpoint method, the price elasticity of demand between points A and B is approximately Suppose the price of bikes is currently $30 per bike, shown as point A on the initial graph. Because the demand between points A and B is Z, a $10-per-bike decrease in price will lead to in total revenue per day. In general, in order for a price increase to cause an increase in total revenue, demand must be