Question: You have the following demand function (as a function of price) for your firms products. = 30-10 (sqr p) The current price for your companys

You have the following demand function (as a function of price) for your firms products. = 30-10 (sqr p) The current price for your companys product is $2.25. Compute the elasticity of demand for your product, and state how revenues would change if your company increased the price of its product.

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You have the following demand function (as a function of price) for

3. You have the following demand function (as a function of price) for your firm's products. X = :30 1017 The current price for your company's product is $2.25. Compute the elasticity of demand for your product, and state how revenues would change if your company increased the price of its product

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