Question: 17 For the demand function q = D(p) =222 - p, find the following. a) The elasticity b) The elasticity at p=92, stating whether the
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For the demand function q = D(p) =222 - p, find the following. a) The elasticity b) The elasticity at p=92, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars) a) Find the equation for elasticity E(p) = b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic or has unit elasticity E(92) = (Simplify your answer. Type an integer or a fraction.) Is the demand elastic, inelastic, or does it have unit elasticity? O unit elasticity O elastic O inelastic c) Find the value(s) of p for which total revenue is a maximum (assume that p is in dollars) their, Ra (Round to the nearest cent. Use a comma to separate answers as needed.) David IG ukher, Rad oukheir, Ral rk, David [G Card: 38030 CURE LOBB Next DOOR FORC IS FORCED
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