The following graph illustrates the weekly demand curve for motorized scooters in Moline. Use the green...

 

 

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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. PRICE (Dollars per scooter) 195 180 165 150 135 120 105 90 75 60 60 45 445 30 A B 15 0 + Demand + + 0 3 6 9 12 15 18 21 24 27 30 33 36 39 QUANTITY (Scooters) Total Revenue ? On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $30, $45, $60, $75, $90, $105, and $120 per scooter. TOTAL REVENUE (Dollars) 1130 1020 910 800 690 580 470 360 250 140 + 0 15 30 45 60 75 90 105 120 135 150 165 180 195 PRICE (Dollars per scooter) Total Revenue According to the midpoint method, the price elasticity of demand between points A and B is approximately Suppose the price of scooters is currently $30 per scooter, shown as point B on the initial graph. Because the demand between points A and B is a $15-per-scooter increase 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 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. PRICE (Dollars per scooter) 195 180 165 150 135 120 105 90 75 60 60 45 445 30 A B 15 0 + Demand + + 0 3 6 9 12 15 18 21 24 27 30 33 36 39 QUANTITY (Scooters) Total Revenue ? On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $30, $45, $60, $75, $90, $105, and $120 per scooter. TOTAL REVENUE (Dollars) 1130 1020 910 800 690 580 470 360 250 140 + 0 15 30 45 60 75 90 105 120 135 150 165 180 195 PRICE (Dollars per scooter) Total Revenue According to the midpoint method, the price elasticity of demand between points A and B is approximately Suppose the price of scooters is currently $30 per scooter, shown as point B on the initial graph. Because the demand between points A and B is a $15-per-scooter increase 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