help Suppose the price of trekking poles is currently $80 per pole. Because the

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Suppose the price of trekking poles is currently $80 per pole. Because the price elasticity of demand between points N and O is , a $10 - per-pole fall in price will lead to in total revenue per year. In order for a price increase to cause a decrease in total revenue, demand must be Elasticity and total revenue The following graph shows the demand curve for trekking poles in New York. You can use the red rectangle labeled Total Revenue (cross symbols) to compute total revenue at various prices along the demand curve. To see the area of the Total Revenue rectangle, scroll over the shaded area with your mouse. You will not be graded on where you place the rectangle. On the following graph, use the graph, use the green point (triangle symbol) to plot annual total revenue at prices of $20, $30, $40, $50, $60, $70, and $80 per trekking pole. Be sure to use all of the points provided. Line segments will automatically connect the points. According to the midpoint method, the price elasticity of demand between points L and M is approximately .

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