Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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Given the demand function D(p) = 375 – 2p²,
Find the Elasticity of Demand at a price of $7
At this price, we would say the demand is:
Inelastic
Elastic
O Unitary
Based on this, to increase revenue we should:
Keep Prices Unchanged
Raise Prices
Lower Prices
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Transcribed Image Text:Given the demand function D(p) = 375 – 2p², Find the Elasticity of Demand at a price of $7 At this price, we would say the demand is: Inelastic Elastic O Unitary Based on this, to increase revenue we should: Keep Prices Unchanged Raise Prices Lower Prices Question Help: Video Message instructor Submit Question Jump to Answer
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