Mathematics, 25.11.2019 20:31 Twitches
The consumer demand equation for tissues is given by q = (108 − p)2, where p is the price per case of tissues and q is the demand in weekly sales.
(a) determine the price elasticity of demand e when the price is set at $32. (round your answer to three decimal places.) e = interpret your answer. the demand is going by % per 1% increase in price at that price level.
(b) at what price should tissues be sold to maximize the revenue? (round your answer to the nearest cent.) $
(c) approximately how many cases of tissues would be demanded at that price? (round your answer to the nearest whole number.) cases per week
Answers: 3
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The consumer demand equation for tissues is given by q = (108 − p)2, where p is the price per case o...
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