The demand function of a certain product is given by D(p)=√740-2P2 where x is price
The demand function of a certain product is given by D(p)=√740-2P2 where x is price in dollars.a)Find the elasticity of demand for 15$. Then state if the demand is elastic or inelastic
b)Find the price for which total revenue will be a maximum
Everything I've come up with has not been working
The demand function of a certain product is given by D(p)=√740-2P2 where x is price in dollars.a)Find the elasticity of demand for 15$. Then state if the demand is elastic or inelastic
b)Find the price for which total revenue will be a maximum
Everything I've come up with has not been working