calculus question
need help on my homework
March 18, 2019
Legal Business Assignment 300 min
March 18, 2019

calculus question



The weekly sales of Honolulu Red Oranges is given by q  = 1116  − 18 p .

Calculate the price elasticity of demand when the price is  $31  per orange (yes,  $31  per orange ). Elasticity = ______


Interpret your answer.


The demand is going  down   by  ______ % per 1% increase in price at that price level.


Also, calculate the price that gives a maximum weekly revenue.



Find this maximum revenue.



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