On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $20, $30, $40, $50, $60, $70, and $80 per scooter. r\\ \\'5' 2260 A 2120 Total Reven u e 1980 1840 1700 1560 1420 TOTAL REVENUE (Dollars) 1280 1140 1000 0 10 20 30 40 50 60 70 80 90 100 110 120 130 PRICE (Dollars per scooter) According to the midpoint method, the price elasticity of demand between points A and B is approximately Y Suppose the price of scooters is currently $20 per scooter, shown as point B on the initial graph. Because the demand between points A and B is V , a $10-per-scooter increase in price will lead to V in total revenue per week. In general, in order for a price increase to cause a decrease in total revenue, demand must be V . The following graph illustrates the weekly demand curve for motorized scooters in Roanoke. 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. /_\\ \\?/ 130 120 110 Total Revenue 100 90 so 70 60 50 40 PRICE (Dollars per scooter) 30 20 10 0 8 16 24 32 40 4B 56 64 72 80 88 96 104 QUANTITY (Scooters)