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anonymous
 4 years ago
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?
anonymous
 4 years ago
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?

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anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0got to love economics :)

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0hmmmm the elasticity would be the change in quantity demanded divided by the change in price

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0but i see no original price or quantity

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0quantity = 5476 at $32

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0so a. e= 171.188 i believe

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.05476/32.32 = 169.431 oops
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