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QUESTION

The consumer demand equation for tissues is given by q = (108 p32, where p is the price per case of tissues and q is the demand in weekly sales. (a)

qp2

 where pq

The consumer demand equation for tissues is given by q = (108 — p32, where p is the price per case of tissues and q is the demand in weekly sales. (a) Determine the price elasticity of demand E when the price is set at $32. (Round your answer to three decimal places.)E = x Inte rpret your a nswer. The demand is going '? a by % per 1% increase in price at that price level. (b) At what price should tissues be sold to maximize the revenue? (Round your answer to the nearest cent.) $ (c) Approximately how many cases of tissues would he demanded at that price? (Round your answer to the nearest whole number.) cases per week
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