Content X MindTap - Cengage Learning C A ng.cengage.com/staticb/ui/evo/index.html?deploymentld=5982818004832299799957 785527459&snapshotld=3459973& G * 0 8 Update : Press 96 F to exit full screen CENGAGE | MINDTAP Q Search this course ? Brooklyn v X My Home Homework (Ch 05) Courses Attempts Keep the Highest / 4 Catalog and Study Tools 6. Elasticity and total revenue Rental Options The following graph illustrates the weekly demand curve for motorized scooters in Moline. College Success Tips Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. A-Z Career Success Tips Note: You will not be graded on any changes made to this graph. ? Help O Give Feedback 325 300 Total Revenue bongo A A+ PRICE (Dollars per scooter) Demand 10 20 30 40 50 60 70 80 90 100 110 120 130 QUANTITY (Scooters)Content X MindTap - Cengage Learning C ng.cengage.com/staticb/ui/evo/index.html?deploymentld=598281800483229979995799&eISBN=9780357133606&id=1785527459&snapshotld=3459973& G * 0 8 Update : CENGAGE | MINDTAP Q Search this course ? Brooklyn v Homework (Ch 05) X My Home Courses Catalog and Study Tools On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per scooter. Rental Options (?) College Success Tips A-Z Career Success Tips 8700 ? Help 8100 O Total Revenue 7500 Give Feedback 6900 LL 6 6300 TH 57 TAL RE 5100 4500 bongo 3900 A+ 3300+ 25 50 75 100 125 150 175 200 225 250 275 300 325 PRICE (Dollars per scooter) According to the midpoint method, the price elasticity of demand between points A and B is approximately Suppose the price of scooters is currently $200 per scooter, shown as point A on the initial graph. Because the demand between points A and B is , a $25-per-scooter decrease in price will lead to in total revenue per week. In general, in order for a price decrease to cause a decrease in total revenue, demand must be Grade It Now Save & Continue Continue without saving