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On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $30, $45, $60, $75,

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On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $30, $45, $60, $75, $90, $105, and $120 per scooter. (? ) 1130 1020 Total Revenue 910 800 TOTAL REVENUE (Dollars) 580 470 380 250 140 15 30 45 60 75 90 105 120 135 150 165 180 195 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 $30 per scooter, shown as point B on the initial graph. Because the demand between points A and B is a $15-per-scooter increase in price will lead to in total revenue per week. In general, in order for a price increase to cause a decrease in total revenue, demand must beThe following graph illustrates the weekly demand curve for motorized scooters in Scottsdale. 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. ? 195 180 Total Revenue 165 150 135 120 PRICE (Dollars per scooter) 30 15 Demand 0 0 3 12 15 18 21 24 27 30 33 36 39 QUANTITY (Scooters)

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