Question: [ q ( p ) = 1 0 0 0 0 - 1 0 0 0 ln ( 1 + 1 0 p

\[
q(p)=10000-1000\ln (1+10 p).
\]
Suppose the demand of a product, \( q(p)\), is defined above.
1. Compute the elasticity of the demand when the price is \(\$ 1,025\).
2. Is the demand elastic or inelastic at that price?
3. If the price goes up by \(15\%\), compute the decrease in the demand in \%. SUBMIT THIS ANSWER BELOW with 3 units of precision.
4. If we increase the price, are we going to increase or decrease the revenue?
Supposons que la demande d'une fonction, q(p), est dfinie ci-haut.
1. Calculer l'lasticit de la demanded lorsque le prix de vente est 1,025\$.
2. Est-ce que la demande est lastique ou inlastique.
3. Si le prix de vente augmente de 15\%, calculer la diminution de la demande en \%. SOUMETTRE LA RPONSE CI-BAS avec 3 dcimales de prcisions.
4. Si on augmente le prix, est-ce que le revenu va augmenter ou diminuer?
Your Answer:
\ [ q ( p ) = 1 0 0 0 0 - 1 0 0 0 \ ln ( 1 + 1 0

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