Question: Please help solve this question for stat 2. For the demand function q = D(w) = -w2 + 8w , a price point, w, of

Please help solve this question for stat

2. For the demand function q = D(w) = -w2 + 8w , a price point, w, of $5.38 garnered the maximum amount of revenue. Suppose you adjust your price point in so that it is now considered inelastic. Have you lowered, raised, or kept your price the same as the price point found which garnered the maximum amount of revenue? (Circle one} lowered raised same

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