Suppose the demand for a product is given by p2(2q + 1) = 10,000 where p is
Question:
p2(2q + 1) = 10,000
where p is in dollars and q is the number of units.
(a) Find the elasticity of demand when p = $20.
(b) How will a price increase affect total revenue?
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Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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