The weekly sales of Honolulu Red Oranges is given by q = 810 - 18p. Calculate the price elasticity of demand when the price is $30 per orange (yes, $30 per orangeā ). HINT [See Example 1.] Interpret your answer. The demand is going ? by % per 1% increase in price at that price level. Also, calculate the price that gives a maximum weekly revenue. Find this maximum revenue.
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