Question a,b,c Can you show me how to graph?

Econ 221 caps a. Spring 2023 shift 4) PED and Total Revenue (6 points) A demand curve is shown on the graph below. Suppose the price has increased from $40 to $50. a. On the graph, label the two price points Price and their corresponding quantities demanded. Outline and label the $90 rectangles representing total revenue $80 To P before and after the price change. $70 b. Label and lightly shade in the rectangles $60 representing price effect and quantity effect as price changes from $40 to $50. $50 The p effect area will be the area within the vertical and, $40 c. Which effect appears larger on the graph? horizontal line created The effect appears larger on the $30 graph is $ 40 $20 What does that tell us about the effect of $10 Demand the price increase on Total Revenue? Will O revenue increase, decrease, or stay the same, and how can we tell without calculating total revenue? Quantity