Please both are question the correct please ASAP Don't answer by pen paper please ASAP explain. 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)870081007500690063005700$1004500390033000 25 50 75 100 125 150 175 200 225 250 275 300 325PRICE (Dollars per scooter)Total Revenue?According to the midpoint method, the price elasticity of demand between points A and B is approximately 0.47Suppose the price of scooters is currently $200 per scooter, shown as point A on the initial graph. Because the demand between points A and B isa $25-per-scooter decrease in price will lead toin total revenue per week.In general, in order for a price decrease to cause a decrease in total revenue, demand must be

Price elasticity measures how responsively demand for a good is to changes in price. By dividing the…

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 $100 4500 3900 3300 0 25 50 75 100 125 150 175 200 225 250 275 300 325 PRICE (Dollars per scooter) 4 Total Revenue Ⓡ According to the midpoint method, the price elasticity of demand between points A and B is approximately 0.47 Suppose the price of scooters is currently $200 per scooter, shown as point A on the initial graph. Because the demand between points A and B is a $25-per-scooter decrease 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

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 $100 4500 3900 3300 0 25 50 75 100 125 150 175 200 225 250 275 300 325 PRICE (Dollars per scooter) 4 Total Revenue Ⓡ According to the midpoint method, the price elasticity of demand between points A and B is approximately 0.47 Suppose the price of scooters is currently $200 per scooter, shown as point A on the initial graph. Because the demand between points A and B is a $25-per-scooter decrease 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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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