CENGAGE | MINDTAP Chapter 05 Homework 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. 8700 8100+ 7500 Total Revenue 6900 6300 TOTAL REVENUE (Dollars 5700 5100 4500 3900 3300 0 25 50 75 100 125 150 175 200 225 250 275 300 325 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 B on the initial graph. Because the demand between points A and B is Z , a $25-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 MacBook Air