On the foowmg graph, use the green point (triangle syn-lbs!) to piat the weeldy total revenue when the market price is $40, 5'50, 580, $100, $120, 5140, and 5160 per scooter. 5120 . A deal] - Tolal Revenue an _ 4150 - 33-10 352i] - EZDD '- TOTN. RE VENUE (Dollars) 2330 v A 255D A 2240 J . . . . . . . . . . . . D 20 40 50 80 160 120 140 150 180 EDD 220 24B 250 PRICE [Dollars per soooler) According to the midpoint method, the price elasticity of demand between points A and B is approximately V . Suppose the price of scooters is currentlyI 560 per scooter, shown as point B on the initial graph. Because the demand between points A and B is V . a 520*DEFSCDDtEr 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 7 i 2. Elasticity and total revenue The 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. ? 260 Total Revenue 8 8 8 8 8 8 5 8 8 8 8 3 PRICE (Dollars per scooter) A A Demand A 9 18 27 36 45 54 63 72 81 90 98 108 117 QUANTITY (Scooters)