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On the following graph, use the green point ( triangle symbol ) to plot the annual total revenue when the market price is $ 1
On the following graph, use the green point triangle symbol to plot the annual total revenue when the market price is $ $ $ $ $ $ and $ per bippitybop. According to the midpoint method, the price elasticity of demand between points A and B on the initial graph is approximately
Suppose the price of bippitybops is currently $ per bippitybop, shown as point B on the initial graph. Because the price elasticity of demand between points A and B is a $perbippitybop increase in price will lead to in total revenue per day.
In general, in order for a price decrease to cause a decrease in total revenue, demand must be
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