Tissues The consumer demand equation for tissues is given by q = (100 p)2, where p is the price per case of tissues and q is the demand in weekly sales.a. Determine the price elasticity of demand E when the price is set at $30, and interpret your answer.b. At what price should tissues be sold to maximize the revenue?c. Approximately how many cases of tissues would be demanded at that price?
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Tissues The consumer demand equation for tissues is given by q = (100 p)2
, where p is the price per case of tissues and q is the demand in weekly sales.
a. Determine the price elasticity of demand E when the price is set at $30, and interpret your answer.
b. At what price should tissues be sold to maximize the revenue?
c. Approximately how many cases of tissues would be demanded at that price?
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