How will a price increase affect total revenue

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Reference no: EM131798550

Question: Elasticity suppose the weekly demand function for a product is given by

p = 100e^-0.1q

where p is the price in dollars and q is the number of tons demanded.

(a) What is the elasticity of demand when the price is $36.79 and the quantity demanded is 10?

(b) How will a price increase affect total revenue?

Reference no: EM131798550

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