تم الحل ✓
categoryاقتصاد عام
schoolبكالوريوس
event_available2026-07-14
السؤال
Transcribed Image Text:
The demand function for specialty steel products is given, where p is in dollars and q is the number of units.
p =
= 90/145-9
(a) Find the elasticity of demand as a function of the quantity demanded, q.
3(-9+145)
77 =
9
(b) Find the point at which the demand is of unitary elasticity.
g=108.75
Find intervals in which the demand is inelastic and in which it is elastic. (Enter your answers using interval notation.)
inelastic
elastic
(108.75,00) x
(-00,108.75) x
(c) Use information about elasticity in part (b) to decide where the revenue is increasing, and where it is decreasing. (Enter your answers using interval notation.)
increasing
(0,90)
decreasing
(90,00)
x
Use information about elasticity in part (b) to decide where the revenue is maximized.
9 = 108.75
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