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The demand function for a Christmas music CD is given by q=D(p)=0.25(225−p2)where q (measured in units...

The demand function for a Christmas music CD is given by q=D(p)=0.25(225−p2)where q (measured in units of a hundred) is the quantity demanded per week and p is the unit price in dollars. (a) Find the elasticity function E(p)= _________

(b) Evaluate the elasticity at 10. E(10)= ________

(c) Should the unit price be lowered slightly from 10 in order to increase revenue? Yes or No.

(d) Use the elasticity of demand to find the price which maximizes revenue for this product. p= __________ dollars.

Round your answer to two decimal places as needed.

Math   Calculus   
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