For the demand function q = D(p) = 314-p, find the following. K a) The elasticity b) The elasticity at p=93, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars)

For the demand function q = D(p) = 314-p, find the following. K a) The elasticity b) The elasticity at p=93, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars)

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter2: Equations And Inequalities

Section2.7: More On Inequalities

Problem 44E

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Question

With all the parts. Help

ment Calc - Spr '23
For the demand function q = D(p) = 314-p, find the following.
K
a) The elasticity
b) The elasticity at p = 93, stating whether the demand is elastic, inelastic or has unit elasticity
c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars)
a) Find the equation for elasticity.
E(p) =

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