Know to formula for elasticity of demand Know the

Last updated: 4/13/2023

Know to formula for elasticity of demand Know the interpretation of elasticity of demand and how to use it to answer questions Know what it means from price to be elastic unit elastic and inelastic and what this means about the price Know how to tell if revenue is increasing decreasing or maximized using elasticity 1 DETAILS WANEAC7 5 6 001 1 3 Submissions Used The weekly sales of Honolulu Red Oranges is given by q 900 18p Calculate the price elasticity of demand when the price is 30 per orange yes 30 per oranget Interpret your answer The demand is going 8 by Also calculate the price that alua Assignment Submission For this assignment you submit answers by c use a new randomization after every 1 questi Assignment Scoring Your best submission for each question part i per 1 increase in price at that price level