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P The elasticity of demand for a product is given by n = - where p is price per 960 - P unit (in dollars).
P The elasticity of demand for a product is given by n = - where p is price per 960 - P unit (in dollars). Determine the price that will give the maximum revenue. (Answers are rounded.) O a) The revenue will be maximized when the price is $480. O b) The revenue will be maximized when the price is $960. O c) The revenue will be maximized when the price is $120. O d) The revenue will be maximized when the price is $1, 440
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