On the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $20, $30, $40, $50, $60, $70, and $80 per bike. 2860 A 2680 Total Revenue 2500 2320 2140 4 TOTAL REVENUE (Dollars) 1960 1780 1600 1420 0.01 1240 0.33 0 10 20 3 40 50 60 70 80 90 100 110 120 PRICE (Dollars per bike) 3 75.02 According to the midpoint method, the price elasticity of demand between points A and B is approximately Suppose the price of bikes is currently $80 per bike, shown as point A on the initial graph. Because the demand between points A and B is , a $10-per-bike decrease in price will lead to in total revenue per day. In general, in order for a price increase to cause a decrease in total revenue, demand must beOn the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $20, $30, $40, $50, $60, $70, and $80 per bike. 2860 A 2680 Total Revenue 2500 2320 2140 4 TOTAL REVENUE (Dollars) 1960 1780 1600 1420 0.01 1240 0.33 0 10 20 3 40 50 60 70 80 90 100 110 120 PRICE (Dollars per bike) 3 75.02 According to the midpoint method, the price elasticity of demand between points A and B is approximately Suppose the price of bikes is currently $80 per bike, shown as point A on the initial graph. Because the demand between points A and B is , a $10-per-bike decrease in price will lead to in total revenue per day. In general, in order for a price increase to cause a decrease in total revenue, demand must be