Mathematics, 19.08.2020 01:01 monae2116

The consumer demand equation for tissues is given by q = (94 − 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 $33. (Round your answer to three decimal places.) E = 1.082 Interpret your answer. The demand is going down by 1.082 % per 1% increase in price at that price level. (b) At what price should tissues be sold in order 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

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The consumer demand equation for tissues is given by q = (94 − p)2, where p is the price per case of...