@& Safari File Edit View History Bookmarks Window Help ng.cengage.com & & course Hero 2% MindTap - Cengage Learning Richard o: = & S o o 2 5 o 0 25 50 75 PRICE (Dollars per scooter) 100 125 150 175 200 225 250 275 300 325 A Total Revenue According to the midpoint method, the price elasticity of demand between points A and B is approximately @& Safari File Edit View History Bookmarks Window Help ng.cengage.com & & course Hero 2% MindTap - Cengage Learning Richard . 2 CENGAGE ' MINDTAP Q search this course Module Three Quiz @ X Total Revenue PROFILE ORDERS RENTALS TOTAL REVENUE (Dollars) COURSES v 3300 + + + + + + + + + + + + $ 1 0 25 50 75 100 125 150 175 200 225 250 275 300 VA S R ) PRICE (Dollars per scooter) actuitieme College Success Tips According to the midpoint method, the price elasticity of demand between points A and B is approximately Career Success Tips 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 oy W, a $25-per-scooter increase in price will lead to W in total revenue per week. =1 _ In general, in order for a price increase to cause a decrease in total revenue, demand must be ', [ESIeT ] [ A Ty Continue without saving