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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
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. 130 120 110 Total Revenue 100 PRICE (Dollars per scooter) A 30 B 20 10 Demand 0 A 8 16 24 32 40 48 56 64 72 80 88 96 104 QUANTITY (Scooters)On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $20, $30, $40, $50, $60, $70, and $80 per scooter. 2280 A 2120 Total Revenue 1980 1840 1700 TOTAL REVENUE (Dollars) 1580 1421 1280 1140 1000 0 10 20 30 40 50 60 70 80 90 100 110 120 130 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 $20 per scooter, shown as point B on the initial graph. Because the demand between points A and B is . a $10-per-scooter increase in price will lead to in total revenue per week. In general, in order for a price increase to cause a decrease in total revenue, demand must be
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