. . Know to formula for elasticity of demand. Know the interpretation of elasticity of demand and how to use it to answer questions. Know what it means from price to be elastic, unit elastic and inelastic and what this means about the price. Know how to tell if revenue is increasing, decreasing or maximized using elasticity. Assignment Submission For this assignment, you submit answers by c use a new randomization after every 1 quest Assignment Scoring Your best submission for each question part i DETAILS WANEAC7 5.6.001. 1/3 Submissions Used The weekly sales of Honolulu Red Oranges is given by q 900-18p. Calculate the price elasticity of demand when the price is $30 per orange (yes, $30 per oranget). Interpret your answer. The demand is going ? 8 by % per 1% increase in price at that price level. Also, calculate the pric