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For the demand function q=D(p)=281p, find the following. a) The elasticity b) The elasticity at p=121, stating whether the demand is elastic, inelastic or has

For the demand function

q=D(p)=281p,

find the following.

a) The elasticity

b) The elasticity at

p=121,

stating whether the demand is elastic, inelastic or has unit elasticity

c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars)

2 For the demand function

q=D(x)=100x,

find the following.a) The elasticityb) The elasticity at

x=3,

stating whether the demand is elastic, inelastic, or has unit elasticityc) The value(s) of x for which total revenue is a maximum (assume that x is in dollars)

3.For the demand function

q=D(p)=446p,

find the following.

a) The elasticity

b) The elasticity at

p=87,

stating whether the demand is elastic, inelastic or has unit elasticity

c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars)

4.For the demand function

q=D(p)=700(p+3)3,

find the following.

a) The elasticity

b) The elasticity at

p=6,

stating whether the demand is elastic, inelastic or has unit elasticity

c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars)

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