The weekly sales of Honolulu Red Oranges is given by q

Last updated: 7/10/2022

The weekly sales of Honolulu Red Oranges is given by q = 960-10p. Calculate the price elasticity of demand when the price is $32 per orange (yes, $32 per oranget). Interpret your answer. The demand is going by % per 1% increase in price at that price level. Also, calculate the price that gives a maximum weekly revenue. $ Find this maximum revenue.. $