Question $2-$ HomeWork $9-$ Ch$.13=$ C$6...$

Optimization Models

$9-$ Ch$.13$

Required information

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At a price of $$20,10,000$ units of product are demanded.

Required:

$\backslash$table$[[$Question$,$Answer,$],[\backslash$table$[[$a$.$ If price increases to $$20\mathrm{.}20$ at a price elasticity of $3,$ what is the$],[$level of product demand?$]],,$units$],[$b$.$ What is the total revenue as a result of the price increase?,,$]]$