green point (triangle symbol)

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 bippitybop.Total Revenue025507510012515017520022525027530010600980090008200740066005800500042003400TOTAL REVENUE (Dollars)PRICE (Dollars per bippitybop)100, 6750According to the midpoint method, the price elasticity of demand between points A and B is approximately0.85 .Suppose the price of bippitybops is currently $125 per bippitybop, shown as point B on the initial graph. Because the price elasticity of demand between points A and B is , a $25-per-bippitybop 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 .</a);”>