Question: 500 For the demand function q = D(p) = find the following. (p +8)5 a) The elasticity b) The elasticity at p =6, stating whether

500 For the demand function q = D(p) = find the following. (p +8)5 a) The elasticity b) The elasticity at p =6, 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) =

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2. The purpose of the acquisition of the information.

1. What is the meaning of the information we are collecting?

3. How much information do we need to collect?