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?

Hey! We 've verified this expert answer for you, click below to unlock the details :)

I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!

got to love economics :)

hmmmm the elasticity would be the change in quantity demanded divided by the change in price

but i see no original price or quantity

Looking for something else?

Not the answer you are looking for? Search for more explanations.

## More answers

Looking for something else?

Not the answer you are looking for? Search for more explanations.