The following graph illustrates the weekly demand curve for motorized scooters in Madison. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the Note: You will not be graded on any changes made to this graph. ? Total Revenue B PRICE (Dollars per scooter) emamos 0 50 60 70 80 90 100 110 120 130 QUANTITY (Scooters) On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per scooter. 8700 8100 Total Revenue 7500 6900 6300 AL REVENUE (Dollars 5700 TOTAL 5100 4500 3800 3300 25 50 75 100 125 150 175 200 225 250 275 300 325 PRICE (Dollars per scooter) According to the midpoint method, the price elasticity of demand between points A and B is approximately Suppose the price of scooters is currently $200 per scooter, shown as point A on the initial graph. Because the demand between points A and B is V , a $25-per-scooter decrease in price will lead to in total revenue per week. In general, in order for a price decrease to cause a decrease in total revenue, demand must be