Use the slope-intercept form to graph the equation.
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Definitions:
Total Revenue
The total income generated by a firm from the sale of its goods and services.
Price Elasticity
An index that measures the reaction of how much a good is wanted to a price adjustment of that good.
Midpoint Formula
A mathematical formula used to calculate the average or midpoint between two values on a line segment.
Total Revenue
The total receipts from sales of goods and services to customers; it is the unit price times the quantity of goods or services sold.
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