(Solved): The variation in elasticity and total revenue along a demand curve The following graph shows the da ...

The variation in elasticity and total revenue along a demand curve The following graph shows the dally demand curve for bippitybops in Houston. Use the green rectangle (triangle symbois) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. Calculate the dally total revenue when the market price is

, and

per blppltybop. Then, use the green point (triangle symbol) to plot the dally total revenue agalnst quantity corresponding to these market prices on the following graph. According to the midpoints formula, the price elasticity of demand between points A and B on the initial graph is approximately . Suppose the price of bippitybops is currently

per bippitybop, shown as point A on the initial graph. Because the price elasticity of demand between points A and B is _, a

-per-blppitybop decrease in price will lead tc _ In total revenue per day.