Question: The consumer demand equation for tissues is given by q = (102 p ) 2 ,where p is the price per case of tissues and

The consumer demand equation for tissues is given byq= (102p)2,wherepis the price per case of tissues andqis the demand in weekly sales.

(a) Determine the price elasticity of demandEwhen the price is set at $33. (Round your answer to three decimal places.)

E=

Interpret your answer.

The demand is going? by? % per 1% increase in price at that price level.

(b) At what price should tissues be sold to maximize the revenue? (Round your answer to the nearest cent.)

$?

(c) Approximately how many cases of tissues would be demanded at that price? (Round your answer to the nearest whole number.)

? cases per week

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