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  3. 180 165 150 135 total revenue 105 o 90 75...

Question: 180 165 150 135 total revenue 105 o 90 75...

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180 165 150 135 Total Revenue 105 o 90 75 45 T 30 15 T Demand 0 3 6 9 12 15 18 21 24 27 30 33 36 QUANTITY (Bikes)On the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $30, $45, $60, $75, $90, $105, and $120 per bike 2 1280 1200 Total Revenue 1120 1040 ш960 800 0 15 30 45 60 75 90 105 120 135 150 165 180 2 PRICE (Dollars per bike)According to the midpoint method, the price elasticity of demand between points A and B is approximately Suppose the price of bikes is currently $30 per bike, shown as point B on the initial graph. Because the demand between points A and B is ,a $15-per-bike increase in price will lead to in total revenue per day. In general, in order for a price decrease to cause a decrease in total revenue, demand must be

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