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.
(a) Determine the price elasticity of demand E when the price is set at $27. (Round your answer to three decimal places.)
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 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

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.
(a) Determine the price elasticity of demand E when the price is set at $27. (Round your answer to three decimal places.)
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 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