venue The following graph shows the daily demand curve for bikes in Houston. 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. 180 105 150 Total Revenue $35 120 13 105 PRICE (Dollars per bike) 00 75 80 45 8 30 * 15 Dernand 0 27 30 33 30 0 3 0 12 15 10 21 24 QUANTITY (Bikes) On the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $30, 545, 560, 575, 590, $105, and $120 Der bike 1289 Total Revenue 1040 000 TOTAL REVENUE (Dollars) 000 720 640 580 0 15 30 45 50 75 105 120135 150 100 100 PRICE (Dollars per bike) According to the midpoint method, the price elasticity of demand between points A and B is approximately Suppose the price of bikes is currently $30 per bike, shown as point B on the initial graph. Because the demand between points A and Bis a $15-per-bike increase in price will lead to In total revenue per day In general, in order for a price decrease to cause a decrease in total revenue, demand must be