The following graph illustrates the weekly demand curve for motorized scooters in Moline.
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.
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.
According to the midpoint method, the price elasticity of demand between points A and B is approximately
Suppose the price of scooters is currently $125 per scooter, shown as point A on the initial graph. Because the demand between points A and B is . , a $25-per-scooter decrease in price will lead to in total revenue per week.
On the following graph,use the green polnt triangle symbol) to plot the weekly total revenue when the market price is $50,$75,$100,$125,$150 $175,and $200 per scooter
2610
2430
Total Revenue
2250
Dollars 2070 1890 TOTALREVENUE 1710 1530 1350
1170
990 0 255075100125150175200225250275300 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 $125 per scooter shown as point A on the initial graph. Because the demand between points A and B is ,a $25-per-scooter decrease in price will lead to in total revenue per week.