Elasticity and total revenue The following graph shows the...

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9/21/17, 5)25 PM Aplia: Student Question Page 1 of 5 ….thompson2-0001&ck=m_1506032053661_0AAA062B015E527FB02377960000 < Back to Assignment Attempts: 3 Average: 3 / 4 6. Elasticity and total revenue The following graph shows the daily demand curve for bikes in Philadelphia. 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 annual total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per bike. Total Revenue 0 6 12 18 24 30 36 42 48 54 60 66 72 300 275 250 225 200 175 150 125 100 75 50 25 0 PRICE (Dollars per bike) QUANTITY (Bikes) Demand B A
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