A garden shop determines the demand function q = D(x) = 4x + 500 during early summer for tomato plants where q is 10x +9 the number of plants sold per day when the price is x dollars per plant. (a) Find the elasticity. (b) Find the elasticity when x = 3. (c) At $3 per plant, will a small increase in price cause the total revenue to increase or decrease?

In this problem, p is in dollars and q is the number of units. (a) Find the elasticity of the demand function pg = 21 at p = 3. (b) How will a price increase affect total revenue? O since the demand is elastic, an increase in price will decrease the total revenue. O since the demand is inelastic, an increase in price will decrease the total revenue. O since the demand is elastic, an increase in price will increase the total revenue. O since the demand is inelastic, an increase in price will increase the total revenue. O since the demand is unitary, there will be no change in the revenue with a price increase.

demand of a product: q(p)= 10000 -1000ln(1+10)p please help in solving 1. how to compute the elasticity of demand when the price is $575 and 2. the decrease in demand in a % with 5 decimal places if the price goes up by 15%

The demand for Widgets (QX) is a function of the price of widgets (PX), the price of woozles (PY), and per capita income (1): QX = 1950 - 10 PX + 5 PY-0.11 Currently, PX = 25, PY = 10, and 1 = 15,000. (a) Calculate the elasticity of demand for widgets with respect to its own I price, the price of woozles, and income. (b) Over what range of prices is the demand for widgets elastic? (c) If the cost per widget is 10 and the manufacturer behaves as a monopolist, how many widgets will be sold and at what price: (d) By how much must the price of widgets change if there is a 1% decrease in per capita income and the goal is to keep QX constant.