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5. [-/6 Points] DETAILS WANEAC7 5.6.016. 0/6 Submissions Used The estimated monthly sales of Mona Lisa paint-by-number sets is given by the formula q = 95e - SP/ 2, where q is the demand in monthly sales and p is the retail price in hundreds of yen. (a) Determine the price elasticity of demand & when the retail price is set at 1200. E . Interpret your answer. The demand is going ? by % per 1% increase in price at that price level. Thus, a large price |? is advised. (b) At what price will revenue be a maximum? (Round your answer to the nearest integer.) yen (c) Approximately how many paint-by-number sets will be sold per month at the price in part (b)? (Round your answer to the nearest integer.) paint-by-number sets per month Need Help? Watch ItSubmit Answer 3. [-/3 Points] DETAILS 0/6 Submissions Used MY NOTES The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by x = (115 - 3p)", where p is the price per dumbbell, and x is the demand in weekly sales. Find the price Professor Schwarzenegger should charge for his dumbbells in order to maximize revenue. (Round your answer to the nearest cent.) $