The estimated monthly sales of Mona Lisa paint-by-number sets is given by the formula q- 97e , where q is the demand in monthly sales and p is the retail price in hundreds of yen. (a) Determine the price elasticity of demand E when the retail price is set at veoo. E- Interpret your answer. The demand is going per 1% increase in price at that price level. Thus, a large price 2 is advised. (b) At what price will revenue be a maximum? hundred yen (C) Approximately how many paint-by-number sets will be sold per month at the price in part (b)? (Round your answer to the nearest integer.) paint-by-number sets per month

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Q: What would the revenue function be

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Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.