Question: below, is what has been completed on order to answer the questions after Example Demand for Beef Fajitas Sales figures show that Mi Guadalajara Mexican

below, is what has been completed on order to answer the questions after

plates, per week when their price was $16.95 each and 480 beef

Example Demand for Beef Fajitas Sales figures show that Mi Guadalajara Mexican Restaurant sold 500 beef fajitas, one of its most popular plates, per week when their price was $16.95 each and 480 beef fajitas per week at their current price of $17.95 each. c. Obtain a formula for the price elasticity of demand E. d. If the owner decides to increase the selling price to $18.95 per beef fajita. What would be the corresponding price elasticity of demand? Round to two decimal places. Interpret your answer. =500180=320=367. icas to an exproximart o.ur't acreast in suannry asmanas. Danand for 1. Inamat in quanrity semanaes: 500320800 (100) Than 1. =366 7. Chanat in trice: 10.9525.9516.95(100)=53.097 g. What is the revenue when the fajita beef plate is at $25.95 ? 25.95=25.95(320)25.958,304Leverue=88,304 h. Find the range of prices p for which the demand is elastic and the range for which the demand is inelastic? i. Use your formula for E to determine the selling price that would have resulted in the maximum weekly revenue, interpret your result. j. What, to the nearest cent, would have been the resulting maximum weekly revenue

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