Question: For the demand function q=D(p)=226-p, find the following. a) The elasticity b) The elasticity at p = 87, stating whether the demand iselastic, inelastic or

For the demand function q=D(p)=226-p, find the following.

a) The elasticity b) The elasticity at p=87, stating whether the demand iselastic, inelastic or has unit elasticity c) Thevalue(s) of p for which total revenue is a maximum(assume that p is indollars)

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