What's New x (255) PHUC DU - Replay Tren ( X Homework (Ch 04) x MindTap - Cengage Learning X | Chegg.com X + C https:/g.cengage.com/staticb/ui/evo/index.html? deploymentld=58375321895011539225541353621&elSBN=9781337622387&snapshotld=3092203&... (b Khoi CENGAGE | MINDTAP Q Search this course ? My Home Homework (Ch 05) X point (triangle symbol) to plot the daily total revenue against quantity corresponding to these market prices on the following graph. Courses ? Catalog and Study Tools A-Z Rental Options 6000 A College Success Tips 5500 5000 Total Revenue Career Success Tips 4 4500 4 RECOMMENDED FOR YOU 4000 Study Tools 3000 WW 2500 2000 bongo Study Tools for Principles of 1500 Economics 1000 . . . . 500 ? Help 0 10 20 30 40 60 70 80 90 100 QUANTITY (Bippitybops per day) Give Feedback A+ According to the midpoints formula, the price elasticity of demand between points A and B on the initial graph is approximately Suppose the price of bippitybops is currently $160 per bippitybop, shown as point A on the initial graph. Because the price elasticity of demand between points A and B is , a $20-per-bippitybop decrease in price will lead to in total revenue per day. O In general, in order for a price increase to cause a decrease in total revenue, demand must beWhat's New x (255) PHUC DU - Replay Tren ( X Homework (Ch 04) x MindTap - Cengage Learning X | Chegg.com X + C https:/g.cengage.com/staticb/ui/evo/index.html? deploymentld=58375321895011539225541353621&elSBN=9781337622387&snapshotld=3092203&... (b Khoi CENGAGE | MINDTAP Q Search this course ? My Home Homework (Ch 05) X 5. The variation in elasticity and total revenue along a demand curve Courses The following graph shows the daily demand curve for bippitybops in Miami. Catalog and Study Tools A-Z Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Rental Options Note: You will not be graded on any changes made to this graph. College Success Tips Career Success Tips ?) RECOMMENDED FOR YOU Study Tools 200 180 A Total Revenue bongo Study Tools for Principles of 160 Economics B 140 + . . . . 120 ? Help 100 PRICE (Dollars per bippitybop) Give Feedback 80 A+ 60 40 20 Demand O 0 10 20 30 40 50 60 70 80 90 100 QUANTITY (Bippitybops per day)