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1. When the price changes from $50 to $30, the price effect leads to a loss of $________ in revenue.
2. When the price changes from $50 to $30, the output effect leads to an increase of $________ in revenue.
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- Calculate the price per unit if quantity sold is 34 units and the revenue generated out of it is $1500TOTAL REVENUE (Dollars) On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $30, $45, $60, $75, $90, $105, and $120 per scooter. 1460 1320 1180 1040 900 760 620 480 340 200 0 15 30 45 60 75 90 105 120 135 150 165 180 195 PRICE (Dollars per scooter) Total Revenue (? According to the midpoint method, the price elasticity of demand between points A and B is approximately Suppose the price of scooters is currently $45 per scooter, shown as point B on the initial graph. Because the demand between points A and B is a $15-per-scooter increase in price will lead to in total revenue per week.discuss the attached bar chart