Question: . The demand curve for a commodity is given by q = 100 (p + 1) 2 . Show that the price at which revenue

. The demand curve for a commodity is given by q = 100 (p + 1) 2 . Show that the price at which revenue is maximised is also equal to the price at which the demand for the product is unitary elastic. Given that price elasticity of demand E(p) can be found using the formula E(p) = dq q dp p and unitary elasticity occurs where |E(p)| = 1.

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