Question: The demand function for drangles is q(p) = (p + 1) 2 (a) What is the price elasticity of demand at price p? (b) At

The demand function for drangles is q(p) = (p + 1)

2

(a) What is the price elasticity of demand at price p?

(b) At what price is the price elasticity of demand for drangles equal to 1?

(c) Write an expression for total revenue from the sale of drangles as a function of their price.

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