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. TOTAL REVENUE (Dollars) 8700 8100 7500 6900 6300 5700 5100 4500 3000 3300 0 25 50 75 100 125 150 175 200 225 250 275 300 325 PRICE (Dollars per scooter) A 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 $125 per scooter, shown as point B on the initial graph. Because the demand between points A and B is in total revenue per week. a $25-per-scooter increase in price will lead to In general, in order for a price increase to cause a decrease in total revenue, demand must be

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