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A demand equation for a product is given by Q = 56 - 2P Find the total revenue generated by sales in the market at

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A demand equation for a product is given by Q = 56 - 2P Find the total revenue generated by sales in the market at a price of P = 3. A demand function is given by the equation Q = 91 3P. Suppose the price is P = 12. At this price, find the price elasticity of demand. USE THE POINT SLOPE METHOD to find this elasticity. Hint: You'll have to find the quantity at this price as well. Round your answer to the nearest tenth

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