The demand for doughnuts at a bakery is given by , where q is the number of doughnuts sold at a price of p dollars each.
A. Find the elasticity of demand to two decimal places if the price is $0.80.
B. Will revenue be increased by raising or lowering the price?

Question

The demand for doughnuts at a bakery is given by  , where q is the number of doughnuts sold at a price of p dollars each.
A. Find the elasticity of demand to two decimal places if the price is $0.80.
B. Will revenue be increased by raising or lowering the price?

Quizplus · Accepted Answer

The Answer of The demand for doughnuts at a bakery is given by  , where q is the number of doughnuts sold at a price of p dollars each.
A. Find the elasticity of demand to two decimal places if the price is $0.80.
B. Will revenue be increased by raising or lowering the price?

The Demand for Doughnuts at a Bakery Is Given by