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The Consumer Demand Curve for Tissues Is Given By q=(92p)2q = ( 92 - p ) ^ { 2 }

Question 76

Multiple Choice

The consumer demand curve for tissues is given by
q=(92p) 2q = ( 92 - p ) ^ { 2 }
Where p is the price per case of tissues and q is the demand in weekly sales. Determine the elasticity of demand E when the price is set at $30.

Round the answer to the nearest hundredth.


A) 0.01
B) 0.48
C) 1.94
D) 0.97
E) 0.65

Correct Answer:

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