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The consumer demand equation for tissues is given by 9 = (109 - )', where p is the price per case of tissues and q
The consumer demand equation for tissues is given by 9 = (109 - )', where p is the price per case of tissues and q is the demand in weekly sales. (a) Determine the price elasticity of demand E when the price is set at $27. (Round your answer to three decimal places.) E = 0.659 Interpret your answer. The demand is going down by 0.659 % 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.) $ x (C) Approximately how many cases of tissues would be demanded at that price? (Round your answer to the nearest whole number.) X cases per week
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