Question: Suppose the demand for a product is given by p2(2q + 1) = 10,000 where p is in dollars and q is the number of

Suppose the demand for a product is given by
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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