Question: For the demand function q = D(p) = 201 - p, find the following. a) The elasticity b) The elasticity at p =94, stating whether

For the demand function q = D(p) = 201 - p, find the following. a) The elasticity b) The elasticity at p =94, 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 =(94) = (Simplify your answer. Type an integer or a fraction. ) tive Is the demand elastic, inelastic, or does it have unit elasticity? elastic izal unit elasticity tim inelastic c) Find the value(s) of p for which total revenue is a maximum (assume that p is in dollars). pplic finals (Round to the nearest cent. Use a comma to separate answers as needed) applic ticity he elal

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