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1. [-70.5 Points] DETAILS WANEAC7 5.6.002. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The weekly sales of Honolulu Red Oranges is given by q =

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1. [-70.5 Points] DETAILS WANEAC7 5.6.002. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The weekly sales of Honolulu Red Oranges is given by q = 1,176 12p. Calculate the price elasticity of demand when the price is $28 per orange (yes, $28 per oranget). Interpret your answer. The demand is going ? vby % per 1% increase in price at that price level. Also, calculate the price that gives a maximum weekly revenue. $ Find this maximum revenue. $

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