anonymous
  • anonymous
The consumer demand equation for tissues is given by: q = (106 − 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 $32. (Round your answer to three decimal places.) E = ____? The demand is going down by what percent 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? ____ cases per week?
Mathematics
  • Stacey Warren - Expert brainly.com
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chestercat
  • chestercat
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anonymous
  • anonymous
got to love economics :)
anonymous
  • anonymous
hmmmm the elasticity would be the change in quantity demanded divided by the change in price
anonymous
  • anonymous
but i see no original price or quantity

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anonymous
  • anonymous
quantity = 5476 at $32
anonymous
  • anonymous
5476/32 = 171.188
anonymous
  • anonymous
so a. e= 171.188 i believe
anonymous
  • anonymous
1% of $32 is $.32
anonymous
  • anonymous
5476/32.32 = 177.785
anonymous
  • anonymous
5476/32.64 = 167.785
anonymous
  • anonymous
5476/32.32 = 169.431 oops

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