Subject: Microeconomics

6. Elasticity and total revenue I

The following graph shows the daily demand curve for bippitybops in Halifax.

On the following graph, use the green rectangle (triangle symbols) to shade the area representing total revenue at various prices along the demand curve. Notice that when you click on the rectangle, the area is displayed.

Note: You will not be scored on any changes made to this graph.

180 165 150 Total Revenue 135 120 B 105 PRICE (Dollars per bippitybop) 90 75 60 45 30 15 Demand 0 10 20 40 50 60 70 80 90 100 110 120 QUANTITY (Bippitybops per day)6360 5880 Total Revenue 5400 4920 4440 TOTAL REVENUE (Dollars) 3960 3480 3000 2520 2040 0 15 30 45 60 75 90 105 120 135 150 165 180 PRICE (Dollars per bippitybop)