The demand function for Shaki's danglies is given by D(p) = -35p + 205 where p is the price in dollars per dangly. Find the elasticity of demand when p = $2.80. %3D Should Shaki raise or lower his price to increase revenue? Find the price that would maximize Shaki's revenue.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 50SE: For the following exercises, refer to Table 11. Use the intersect feature to find the value of x for...
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The demand function for Shaki's danglies is given by
D(p) = -35p + 205 where p is the price in dollars per dangly.
Find the elasticity of demand when p = $2.80.
%3D
Should Shaki raise or lower his price to increase revenue?
Find the price that would maximize Shaki's revenue.
Transcribed Image Text:The demand function for Shaki's danglies is given by D(p) = -35p + 205 where p is the price in dollars per dangly. Find the elasticity of demand when p = $2.80. %3D Should Shaki raise or lower his price to increase revenue? Find the price that would maximize Shaki's revenue.
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