Question: The consumer demand equation for tissues is given by q = ( 93 ? p ) 2 ,where p is the price per case of

The consumer demand equation for tissues is given byq= (93?p)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 $34.

The consumer demand equation for tissues is given byq= (93?p)2,wherepis the price

The consumer demand equation for tissues is given by q = (93 (3?, where ,0 Is the price per case of tissues and q is the demand in weekly sales. (a) Deten'nine the price elasticity of demand E when the price is set at $34. (Round your answer to three decimal places.) E = Interpret your answer. The demand is going down a f 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 he demanded at that price? (Round your answer to the nearest whole number.) cases per week

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