In this problem, p is in dollars and q is the number of units. Suppose that the demand for a product is given by (p + 9)Vq + 4 = 440. %3D (a) Find the elasticity when p = $11. (Round your answer to two decimal places.) (b) Tell what type of elasticity this is. O Demand is elastic. Demand is inelastic. Demand is unitary. (c) How would a price increase affect revenue? O An increase in price increases revenue. An increase in price decreases revenue. O Revenue is unaffected by price.

Q: 1. The demand function for a certain product is p= 300 – q, where q is the quantity of the product…

A:

Q: 1. A truck that delivers essentials in remote areas can travel 85 kilometers. Which of the following…

A: 1. given  distance = 85km so as we know  velocity = distance/time Hence Answer: a.  v(t) = 85/t

Q: 9. A car loses value each year. The value of the car t years from today can be modeled using the 1…

A: We have to find the cars value

Q: Consider the function price = $100 – ($3/yr) x time. The initial value of this function is

A: Answer