Question: Suppose that the demand for a product is given by 2p2q = 10,000 + 9000p2. (a) Find the elasticity when p = $50 and q

Suppose that the demand for a product is given by 2p2q = 10,000 + 9000p2.
(a) Find the elasticity when p = $50 and q = 4502.
(b) Tell what type of elasticity this is: unitary, elastic, or inelastic.
(c) How would revenue be affected by a price increase?

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