An electronic store can sell q = 10,000/( p + 50) - 30 cellular phones at a
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An electronic store can sell q = 10,000/( p + 50) - 30 cellular phones at a price p dollars per phone. The current price is $150.
(a) Is demand elastic or inelastic at p = 150?
(b) If the price is lowered slightly, will revenue increase or decrease?
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Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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