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Thanks for the help! Looking to find out how to solve questions 1 and 2. The weel-dy sales of Honolulu Red Oranges is given by

Thanks for the help! Looking to find out how to solve questions 1 and 2.

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The weel-dy sales of Honolulu Red Oranges is given by q - 880 22p. Calculate the price elasticity of demand when the price is $32 per orange (yes, $32 per orange. HINT [See Example 1.] X Interpret ymr answer. The demand Is going I' down B ( by x % per 1% increase In price at that price level. Also, calculate the price that gives a maxlmum weekly revenue. $ Find this maximum revenue. $ Need Help? i SumetAnmr ml ProdioomlhorVomnn ' The consumer demand equation for tissues is given by q - (90 {02, where p Is the price per case of tissues and 1;: Is the demand In weekly sales. (a) Determine the price elasticity of demand E when the price is set at $28. {Round your answer to three decimal places.) E - Interpret you r a nswer. The demand ls going i '2 B by % per 1% Increase in price at that price level. (b) At what price should tissues be sold to maximize the revenue? {Round your answer to the nearest cent.) $

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