The following graph shows the daily demand curve for bikes in Chicago. 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. 300 275 250 Total Revenue 225 200 175 A 150 В 125 100 75 50 25 Demand + 10 20 30 40 50 60 70 80 90 100 110 120 QUANTITY (Bikes) PRICE (Dollars per bike)

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter7: Consumer Choice And Elasticity
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The following graph shows the daily demand curve for bikes in Chicago.
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.
300
275
250
Total Revenue
225
200
175
A
150
В
125
100
75
50
25
Demand
+
10
20
30
40
50
60
70
80
90
100 110
120
QUANTITY (Bikes)
PRICE (Dollars per bike)
Transcribed Image Text:The following graph shows the daily demand curve for bikes in Chicago. 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. 300 275 250 Total Revenue 225 200 175 A 150 В 125 100 75 50 25 Demand + 10 20 30 40 50 60 70 80 90 100 110 120 QUANTITY (Bikes) PRICE (Dollars per bike)
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