Tools The following graph shows the daily demand curve for bikes in New York City Use the green rectangle (triangle symb

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Tools The Following Graph Shows The Daily Demand Curve For Bikes In New York City Use The Green Rectangle Triangle Symb 1 (80.83 KiB) Viewed 76 times

Tools The following graph shows the daily demand curve for bikes in New York City 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 (2 wall . GUANTITY On the following gran, use the green point (triangle symbol) to ple the annual total revenue when the market price is $30, HAS 580,375, 590, $, 3.105, and $2.20 per ble , bi 2 10 PRICE DO Aitoring to the midpoint metriod, the price laticity of demand between points and is aromately Suppose the price of the currently 545 per bike shown as points on the initial graph Because the demand between points and is , . 515-perbe increase in price will lead to in total revenue day In general, in order for decreto con decreases revenus, demand must be PRICE (D) decrease According to the midpoint method, the price elasticity of Gemaran increases and is approximately A B no change upon the price of bikes is currenty was pure shown as 45 , Jital graph. Because the demand between points A and 515 per boas in no will lead to In total revenue per day ongerer, order for a price decrease to use ore in total revenun, demand must be Grade it Now Save & Continue Continue without si