Question: The demand function for specialty steel products is given, where p is in dollars and q is the number of units. p = 90 3

The demand function for specialty steel products is given, where p is in dollars and q is the number of units.

p = 90

145 q

The demand function for specialty steel products

33. (2.06/9 Points] DETAILS PREVIOUS ANSWERS 5/30 Submissions Used MY NOTES ASK YOUR TEACHER The demand function for specialty steel products is given, where p is in dollars and is the number of units. p = 90145 - (a) Find the elasticity of demand as a function of the quantity demanded, q. (b) Find the point at which the demand is of unitary clasticity. Find intervals in which the demand is inelastic and in which it is elastic. (Enter your answers using interval notation.) inelastic elastic (c) Use information about elasticity part (b) to decide where the revenue is increasing, and where it is decreasing. (Enter your answers using interval notation.) increasing decreasing Use information about elasticity in part (b) to decide where the revenue is maximized. q= 33. (2.06/9 Points] DETAILS PREVIOUS ANSWERS 5/30 Submissions Used MY NOTES ASK YOUR TEACHER The demand function for specialty steel products is given, where p is in dollars and is the number of units. p = 90145 - (a) Find the elasticity of demand as a function of the quantity demanded, q. (b) Find the point at which the demand is of unitary clasticity. Find intervals in which the demand is inelastic and in which it is elastic. (Enter your answers using interval notation.) inelastic elastic (c) Use information about elasticity part (b) to decide where the revenue is increasing, and where it is decreasing. (Enter your answers using interval notation.) increasing decreasing Use information about elasticity in part (b) to decide where the revenue is maximized. q=

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