The Physics Club sells E = mc2 T-shirts at the local flea market. Unfortunately, the club's previous administration has beenlosing money for years, so you decide to do an analysis of the sales. A quadratic regression based on old sales data revealsthe following demand equation for the T-shirts.q = -2p2 + 33p(9

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(a) Obtain a formula for the price elasticity of demand for E = mc² T-shirts. 4p – 33 — 2р + 33 E = (b) Compute the elasticity of demand if the price is set at $9 per shirt. (Round your answer to two decimal places.) Interpret the result. The demand for E = mc2 T-shirts is going down ♥ by about 0.54 X % per 1% increase in the price (c) How much should the Physics Club charge for the T-shirts to obtain the maximum daily revenue? $ 8.25 What will the revenue be? $ 1122