Question: HW-24-Elasticity Section 4.10: Problem 4 (1 point) A grocery store sells 1-pound package of bacon and two cartons of eggs. The demand for packages at

HW-24-Elasticity Section 4.10: Problem 4 (1 point) A grocery store sells 1-pound package of bacon and two cartons of eggs. The demand for packages at price p is given by q = D(p) = 100(6 W) (3) Find the elasticity function E(p) = === (b) Evaluate the elasticity at 4. E(4) = (c) Should the unit price be lowered slightly from 4 in order to increase revenue? ? v (d) Use the elasticity of demand to find the price which maximizes revenue for this product. p = 555 dollars Round your answer to two decimal places as needed

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