Given the demand function q=f(p) =9003p2 where q is demand at a price 3), answer to the following: A. Find the elasticity of demand, E.
Given the demand function q=f(p) =9003p2 where q is demand at a price 3), answer to the following: A. Find the elasticity of demand, E. (2.5 points} B. Find values of for which demand is elastic. (2.5 points} C. Find values of for which demand is inelastic. (2.5 points} D. What price results in the maximum revenue? What is the maximum revenue? (2.5 points)
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