Calculus

The consumer demand equation for tissues is given by
q = (97 − 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 $26. (Round your answer to three decimal places.)
E =______


Interpret your answer.
The demand is going down by _____ % per 1% increase in price at that price level.

(b) At what price should tissues be sold in order to maximize the revenue? (Round your answer to the nearest cent.)
$____.


(c) Approximately how many cases of tissues would be demanded at that price? (Round your answer to the nearest whole number.)_______ cases per week

  1. 👍 0
  2. 👎 0
  3. 👁 693
  1. Why are you so lazy that you need to post your homework question on a website where half the time you wont get an answer. Come on.. At least try the question.

    1. 👍 0
    2. 👎 8

Respond to this Question

First Name

Your Response

Similar Questions

  1. PE

    Which of the following is the correct order from most complex to simplest for the levels of organization in the human body? A. cells, organs, organ systems, tissues B. organ systems, organs, tissues, cells C. organ systems,

    asked by Help I need somebody not just anybody on March 9, 2017
  2. Economics

    Determine whether each of the following would cause a shift in the aggregate demand curve, the aggregate supply curve, neither, or both. Which curve shifts, and in which direction? What happens to aggregate output and the price

    asked by Jeffrey on September 6, 2006
  3. Econ MC

    Suppose that the equilibrium price in the market for widgets is $5. If a law reduced the maximum legal price for widgets to $4, a. consumer surplus would necessarily increase even if the lower price resulted in a shortage of

    asked by Shawn on February 15, 2007
  4. math

    Four key marketing decision variables are price (P), advertising (A), transportation (T), and product quality (Q), Consumer demand (D) is influenced by these variables. The simpiest model for decribing demand in terms of these

    asked by Rachael on September 7, 2013
  5. 10th Grade Pre-Calc

    The demand equation for a hand-held electronic organizer is... P=5000(1-(4/4+e^-.002x)) Find the demand x for a price of (a) P=600? So strange. Thx for help

    asked by Anthony Clay on January 17, 2012
  1. seince

    According to the principle of supply and demand, the price you pay for a product is determined both by its availability and by consumer demand for the product. On the basis of this principle, which minerals do you think a higher

    asked by john on December 11, 2013
  2. Math

    For the following demand equation compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic at the indicated price. (Round your answer to three decimal places.) x + (1/9)p - 27 =0 ; p=23

    asked by Tay on March 10, 2013
  3. business

    Question 17 of 20 0.0/ 5.0 Points Suppose that the income elasticity of demand for new clothes is positive. Other things being equal, which of the following statements is correct? A. New clothes are a normal good. B. There exists

    asked by tg on August 26, 2013
  4. Econ

    F. Flinstone has quasilinear preferences and his inverse demand function for Brontosaurus Burgers is P(b)= 30-2b. Mr. Flintstone is currently consuming 10 burgers at a price of 10 dollars. (a) How much money would he be willing to

    asked by Kitty on October 9, 2014
  5. Microeconomics-Consumer & Producer Suplus Graphs

    Can anyone help? I am trying the draw the following graphs for Consumer & Producer Suplus. I have made several attempts and I know I am not drawing them right. 1) The cost of producing stereo systems has fallen over the past

    asked by G on February 24, 2008

You can view more similar questions or ask a new question.