1. [-I11.11 Points] DETAILS WANEFMAC7 12.6.001. MY NOTES PRACTICE ANOTHER The weekly sales of Honolulu Red Oranges is given by q = 840 20p. Calculate the price elasticity of demand when the price is $32 per orange (yes, $32 per orange'r). Interpret your answer. The demand is going ? by % per 1% increase in price at that price level. Also, calculate the price that gives a maximum weekly revenue. $ Find this maximum revenue. $ Need Help? 2. [-l11.11 Points] I DETAILS I WANEFMAC712.6.007. I MYNOTES II PRACTICEANOTHE The consumer demand equation for tissues is given by q = (108 p)2, 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 $34. (Round your answer to three decimal places.) E = Interpret your answer. The demand is going ? 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 be demanded at that price? (Round your answer to the nearest whole number.) cases per week Need Help? _