The consumer demand equation for tissues is given by
q = (96 − p)^2,
where p is the price per case of tissues and q is the demand in weekly sales.
Determine the price elasticity of demand E when the price is set at $27. (Round your answer to three decimal places.)
E =
At what price should tissues be sold in order to maximize the revenue? (Round your answer to the nearest cent.)
$
Approximately how many cases of tissues would be demanded at that price? (Round your answer to the nearest whole number.)

Question

The consumer demand equation for tissues is given by
q = (96 − p)^2,
where p is the price per case of tissues and q is the demand in weekly sales. 
 Determine the price elasticity of demand E when the price is set at $27. (Round your answer to three decimal places.)
E =
At what price should tissues be sold in order to maximize the revenue? (Round your answer to the nearest cent.)
$ 
Approximately how many cases of tissues would be demanded at that price? (Round your answer to the nearest whole number.)

goformit100 · Answer

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