Question: parts a-c for question 4 = Homework: Section 3.7 Question 4, 3.7.1 Part 1 of 4 For the demand function q = D(P) = 317

parts a-c for question 4

= Homework: Section 3.7 Question 4, 3.7.1 Part 1 of 4 For the demand function q = D(P) = 317 - p, find the following. a) The elasticity b) The elasticity at p = 107, 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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