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The weekly sales of Honolulu Red Oranges is given by 9 = 1102 - 19p. where is the number of oranges sold at the price

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The weekly sales of Honolulu Red Oranges is given by 9 = 1102 - 19p. where is the number of oranges sold at the price p dollars per orange. Find (p) E(P) = Calculate the price elasticity of demand when the price is $38 per orange (yes, $38 per oranget). HINT (See Example 1.] Interpret your answer The demand is going 2 v by % per 1% increase in price at that price level. Use the elasticity to calculate the price that gives a maximum weekly revenue. dollars per orange Find this maximum revenue. dollars of revenue

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