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

question 76

Multiple Choice

The consumer demand curve for tissues is given by
$q = ( 92 - p ) ^ { 2 }$
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.

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Definitions:

Marginal Product

The rise in production resulting from the use of one more unit of input.

Coffee House

A place that primarily serves coffee and other beverages, and which often serves as a gathering place for community interaction or relaxation.

Coffee Machines

Devices designed for brewing coffee, which can range from simple stove-top percolators to sophisticated, programmable electric drip coffee makers.

Marginal Product

The extra output generated from using an additional unit of a specific input, while keeping all other inputs unchanged.