On the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per bike. TOTAL REVENUE (Dollars) 5300 4900 4500 4100 3700 3300 2900 2500 2100 1700 0 25 50 75 100 125 150 175 200 225 250 275 300 PRICE (Dollars per bike) Total Revenue According to the midpoint method, the price elasticity of demand between points A and B is approximately o Suppose the price of bikes is currently $100 per bike, shown as point B on the initial graph. Because the demand between points A and B is , a $25-per-bike 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