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The following graph shows the daily demand curve for bikes in New York City. Use the green rectangle (triangle symbols) to coOn the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $50,

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- PED by Midpoint Method PEO = 92-9, ( Pu+ P2). P2-pl X Х 9, +9 21 2 Pia initial price P2= final price 9 = initial quantity dPED = 24-2) ( 1251100 Х X 2 24 +21 2 2, 125-100 11 6 225 X 45 50 1350 2250 PED 0.6

N Now lets plot the total Revenue love Porce x quantity quansing TR TR= When When p=450 TR² 50x 30 = $1500 P = $75 TR = 75XWhen P = $100 TR = loux2u $2400 p = $125 TR = 125x 21 = $ 2625 P= $150, TR = 41508 18 = 42700 $=$175, TR = $1758 15 = 42028 P

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