q= 2015 – 90p+p3 for O£ PE 40 q is the number of copres of the game that they caneypect to sell Cn thousants of cans) and pis the price of the game m dollors ) Find a prce elastiaity of demant queston Rrom this demant equatio n lallit E) *5kip this b> what wauk the pnce clasticity of demand that con be cxpcctcet if the gare 15 Sold for $ 25? s the demcind elastrc or melastic at this price? C.) what prce should the gane be sold at to get unit elasttcity of dnand? d) what quantity of games snoud be sot to get marmum revenue?
q= 2015 – 90p+p3 for O£ PE 40 q is the number of copres of the game that they caneypect to sell Cn thousants of cans) and pis the price of the game m dollors ) Find a prce elastiaity of demant queston Rrom this demant equatio n lallit E) *5kip this b> what wauk the pnce clasticity of demand that con be cxpcctcet if the gare 15 Sold for $ 25? s the demcind elastrc or melastic at this price? C.) what prce should the gane be sold at to get unit elasttcity of dnand? d) what quantity of games snoud be sot to get marmum revenue?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:q= 2015 – 90p+p3 for O£ PE 40
q is the number of copres of the game that they caneypect to sell Cn thousants of cans)
and pis the price of the game m dollors
) Find a prce elastiaity of demant queston Rrom this demant equatio n lallit E)
*5kip this
b> what wauk the pnce clasticity of demand that con be cxpcctcet if the gare
15 Sold for $ 25? s the demcind elastrc or melastic at this price?
C.) what prce should the gane be sold at to get unit elasttcity of dnand?
d) what quantity of games snoud be sot to get marmum revenue?
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