The consumer demand equation for tissues is given by q = 8,100 - 180 p +p2, where p is the price per case of tissues and q is the demand in weekly sales. Determine the price elasticity of demand E when the price is set at $24. (Round your answer to three decimal places.) E = Interpret your answer. When the price is set at $24, the demand is going ? v× by X % per 1% increase in price. At that price level, the demand is inelastic If they raise prices, revenue will increase
The consumer demand equation for tissues is given by q = 8,100 - 180 p +p2, where p is the price per case of tissues and q is the demand in weekly sales. Determine the price elasticity of demand E when the price is set at $24. (Round your answer to three decimal places.) E = Interpret your answer. When the price is set at $24, the demand is going ? v× by X % per 1% increase in price. At that price level, the demand is inelastic If they raise prices, revenue will increase
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.4: Quadratic Equations And Applications
Problem 117E: Doctors treated a patient at an emergency room from 2:00P.M. to 7:00P.M. The patient’s blood oxygen...
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