Question: Suppose that the demand for a product is given by (p + 1) q + 1 = 1000 (a) Find the elasticity when p =

Suppose that the demand for a product is given by (p + 1) √q + 1 = 1000
(a) Find the elasticity when p = $39.
(b) Tell what type of elasticity this is.
(c) How would a price increase affect revenue?

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