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A garden store determines the following demand function during early summer for a certain size of tomato plant: x= D(p) = 2p+300/10p+11, where x is the number of plants sold per day when the price is p dollars per plant. a) Find the elasticity of demand. b) Find the elasticity when p =$3 per plant. c) At p=$3, will a small increase in price cause the total revenue to increase or decrease

- November 14, 2022 - Edwin Tunner

A garden store determines the following demand function during early summer for a certain size of tomato plant: x= D(p) = 2p+300/10p+11, where x is the number of plants sold per day when the price is p dollars per plant.

a) Find the elasticity of demand.

b) Find the elasticity when p =$3 per plant.

c) At p=$3, will a small increase in price cause the total revenue to increase or decrease?

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