The weekly sales of Honolulu Red Oranges is given by

q $=86418$p$.$

Calculate the price elasticity of demand when the price is $$32$ per orange $($yes$,$ $$32$ per orange$).$

Interpret your answer.

The demand is going

$?$

by

$\%$ per $1\%$ increase in price at that price level.

Also, calculate the price that gives a maximum weekly revenue.

$

Find this maximum revenue.

$