Illustrate what is elasticity of demand at profit maximizing

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Reference no: EM1371023

Q. If data is as Explain how in question 5

A. Illustrate what is elasticity of demand at profit maximizing level of output?

B. Without use of any calculations, determine wherefirm=s total revenue would increase, decrease, or stay same if CRAPCO attempted to increase its price by .2%. Explain how do you know? Illustrate what would happen to profits?

C. Is original price a "market clearing" price? Explain how do you know?

Reference no: EM1371023

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