Question: Submit Answer 6. [0/11.11 Points] DETAILS PREVIOUS ANSWERS 7/30 Submissions Used A fried chicken franchise finds that the demand equation for its new roast chicken
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Submit Answer 6. [0/11.11 Points] DETAILS PREVIOUS ANSWERS 7/30 Submissions Used A fried chicken franchise finds that the demand equation for its new roast chicken product, "Roasted Rooster," is given by q = - DO.85 where p is the price (in dollars) per quarter-chicken serving and q is the number of quarter-chicken servings that can be sold per hour at this price. Find E(p) E(p) = X Find the price elasticity of demand when the price is set at $4.30 per serving. At a price of $4.30, a 1% increase in price leads to a * % decrease in demand. erpret the result. At a price of $4.30, the demand is ----Select---- 8 x They should ---Select--- @ x the price per serving in order to increase revenue. Submit
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