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Bus Econ 14.3.31 A study of the demand for air travel between two cities depends on the airfare according to the following demand equation q=555

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Bus Econ 14.3.31 A study of the demand for air travel between two cities depends on the airfare according to the following demand equation q=555 -0.024p a. Find the elasticity when the price is $16659 E = 0.078 (Round to the nearest thousandth as needed.) b. Is the demand for airfare elastic or inelastic at this price? The demand for airfare at $166 59 is inelastic c. Find the price that maximizes revenue Revenue will be maximized when the price is $ Round to the nearest doliar as needed) Evo answer in the answer box and then IKKAN All parts showing

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