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The consumer demand equation for tissues is given by q = (100 − p)2, where p is the...

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Basic Math

The consumer demand equation for tissues is given by

q = (100 −p)2,

where p is the price per case of tissues and qis the demand in weekly sales.

(a) Determine the price elasticity of demand E when theprice is set at $34. (Round your answer to three decimalplaces.)
E =

Interpret your answer.

The demand is going  ? up down 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 atthat price? (Round your answer to the nearest whole number.)
cases per week

Answer & Explanation Solved by verified expert
4.2 Ratings (892 Votes)
awe havethe elasticity of the demand isput    See Answer
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