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6. Elasticity and total revenue

The following graph shows the daily demand curve for bikes in San Diego.

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.


per bike) 6. Elasticity and total revenue The following graph shows the daily demand curve for bikes in San Diego. Use the gr

PRICE (Dollars per bike) 300 275 250 Total Revenue 225 200 175 150 125 100 75 A 50 B + Demand 25 0 9 18 27 36 45 54 63 72 81

TOTAL REVENUE (Dollars) +- On the following graph, use the green point (triangle symbol) to plot the annual total revenue whe

TOTAL REVENUE 5940 5220 + 4500 3780 3060 0 25 50 75 100 125 150 175 200 225 250 275 300 PRICE (Dollars per bike) According to


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Thet and to tal ae venue- ballorw gtaph in tt Question till) u that -tlu Quantity of bikes. Prile aud Question 4 - Total Reve.e 5 change (50-25)50+252 225 |57.50 Price tasticty o dwaual 1 (option 8) pvi Ca tlasticity of demande 0.14 (opt. B) the Co

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