The demand function for specialty steel products is given, where p is in dollars and q is the number of units. p = 150130 – 9 (a) Find the elasticity of demand as a function of the quantity demanded, q. (130 – 4) - (b) Find the point at which the demand is of unitary elasticity. q = 97.5 Find intervals in which the demand is inelastic and in which it is elastic. (Enter your answers using interval notation.) -00,97.5 x inelastic elastic 97.5,00 (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 n<1 decreasing n >1

The demand function for specialty steel products is given, where p is in dollars and q is the number of units. p = 150130 – 9 (a) Find the elasticity of demand as a function of the quantity demanded, q. (130 – 4) - (b) Find the point at which the demand is of unitary elasticity. q = 97.5 Find intervals in which the demand is inelastic and in which it is elastic. (Enter your answers using interval notation.) -00,97.5 x inelastic elastic 97.5,00 (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 n<1 decreasing n >1

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Description: The demand function for specialty steel products is given, where p is in dollars and q is the number of units.p = 150V130 – q(a) Find the elasticity of demand as a function of the quantity demanded, q.n =(130 – q)(b) Find the point at which the dema

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The demand function for specialty steel products is given, where p is in dollars and q is the number of units.
p = 150V130 – q
(a) Find the elasticity of demand as a function of the quantity demanded, q.
n =
(130 – q)
(b) Find the point at which the demand is of unitary elasticity.
q = 97.5
Find intervals in which the demand is inelastic and in which it is elastic. (Enter your answers using interval notation.)
|-00,97.5 x
inelastic
elastic
97.5,00
(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
n<1
decreasing
n > 1

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