Question 8 A dog food producer reduced the price of a dog food. With the price at $12 the average monthly sales has been 26000. When the price dropped to $10, the average monthly sales rose to 31000. Assume that monthly sales is linearly related to the price. What price would maximize revenue? $ Wikimedia Commons Question Help: B Written Example Submit QuestionC Question 9 v Big 0 tires can sell 10,230 Michelin RG Tires per week nationally if the price is set at $85 per tire, but only 8,320 tires if the price is $105 each. Using a LINEAR demand model 1. What is the price elasticity of demand for this tire at Big O Tires ifthe price is $110? '(nearest 0.01) 2. The Tires are at that price? 3. What is the price elasticity of demand for this tire at Big O Tires if the price is $90? 4.The Tires are at that price? 5. At what price is the maximum revenue per week achieved? nearest 1$ 6. What is that maximum revenue per week? nearest $1,000 7. How many tires will be sold each week at that optimal price {nearest 1G ti res} Question Help: El Written Exampl_e Submit