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The Blu-ray version of Mystery Road has been a hot seller during recent weeks. An analysis of weekly demand within a local market shows: Q

The Blu-ray version of "Mystery Road" has been a hot seller during recent weeks. An analysis of weekly demand within a local market shows:

Q = 15,000 - 500P,

where Q is units of Blu-ray sales and P is the price.

What would be the quantity of Blu-ray sales at a $25 price?

Calculate the point price elasticity of demand at the $25 price level.Is this the correct price level to maximize total revenue for this demand equation? If not, should they lower or raise the price level?

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