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The demand for a product is qda-bp where p is its price and

The demand for a product is Qd=A-BP, where P is its price and A and B are positive numbers. Suppose that when the price is $35 the amount demanded is 224 and the price elasticity of demand is -5.

What is the value of A?

What is the value of B?

What price will maximize revenue ?

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Business Economics: The demand for a product is qda-bp where p is its price and

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Business Economics: The demand for a product is qda-bp where p is its price and

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