A Fried Chicken Franchise Finds That the Demand Equation for Its

question 9

Multiple Choice

A fried chicken franchise finds that the demand equation for its new roast chicken product, Roasted Rooster , is given by where p is the price (in dollars) per quarter-chicken serving and q is the number of quarter-chicken servings that can be sold per hour at this price. Express q as a function of p , and find the elasticity of demand when the price is set at $6 per serving.

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