. 2/6 points | Previous Answers WaneAC7 5 R.035 Demand for the latest best-seller at OHaganBooks.com, A River Burns through It, is given by p+ 33p +9 (18 Sp s 28) copies sold per week when the price is p dollars. (a) Find the price elasticity of demand E as a function of p. E(p) (b) Find the elasticity of demand for this book at a price of $21. (Round your answer to two decimal places.) Interpret the answer. @ when the price is $21, price is dropping at this rate per 1% increase in the demand. When the price is $21, demand is rising at this rate per 1% increase in the price. when the price is $21, demand is dropping at this rate per 1% increase in the price. @ when the pnce is $21, price is rising at this rate per 1% increase in the demand. Find the elasticity of demand for this book at a price of $23. (Round your answer to two decimal places.) Interpret the answer. @ when the price is $23, price is rising at this rate per 1% increase in the demand. when the price is $23, demand is rising at this rate per 1% increase in the price. when the price is $23, price is dropping at this rate per 1% increase in the demand. When the price is $23, demand is dropping at this rate per 1% increase in the price. (c) What price should the company charge to obtain the largest revenue? (Round your answer to the nearest cent.)
Show transcribed image text. 2/6 points | Previous Answers WaneAC7 5 R.035 Demand for the latest best-seller at OHaganBooks.com, A River Burns through It, is given by p+ 33p +9 (18 Sp s 28) copies sold per week when the price is p dollars. (a) Find the price elasticity of demand E as a function of p. E(p) (b) Find the elasticity of demand for this book at a price of $21. (Round your answer to two decimal places.) Interpret the answer. @ when the price is $21, price is dropping at this rate per 1% increase in the demand. When the price is $21, demand is rising at this rate per 1% increase in the price. when the price is $21, demand is dropping at this rate per 1% increase in the price. @ when the pnce is $21, price is rising at this rate per 1% increase in the demand. Find the elasticity of demand for this book at a price of $23. (Round your answer to two decimal places.) Interpret the answer. @ when the price is $23, price is rising at this rate per 1% increase in the demand. when the price is $23, demand is rising at this rate per 1% increase in the price. when the price is $23, price is dropping at this rate per 1% increase in the demand. When the price is $23, demand is dropping at this rate per 1% increase in the price. (c) What price should the company charge to obtain the largest revenue? (Round your answer to the nearest cent.)