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The weekly sales of Honolulu Red Oranges is given by q = 8 8 2 - 9 p . Calculate the price elasticity of demand
The weekly sales of Honolulu Red Oranges is given by Calculate the price elasticity of demand when the price is $ per orange yes $ per oranget
Interpret your answer.
The demand is going by per increase in price at that price level.
Also, calculate the price that gives a maximum weekly revenue.
$
Find this maximum revenue.
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