The consumer demand equation for tissues is given by

Question

q = (97 − 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 $26. (Round your answer to three decimal places.)
E =______


Interpret your answer.
The demand is going down by _____ % 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

Answer 1

Why are you so lazy that you need to post your homework question on a website where half the time you wont get an answer. Come on.. At least try the question.

Answer 2

Honestly of Dec 6, 2016, why are you so bored that you go onto homework help websites and criticize people looking for help?