Presently, 10,000 people take city buses every day and pay 2 dollars for the ticket. Number of people taking city buses at price x dollars per ticket is provided by D(x)=5000 sqrt of(6-x)
(a) Estimate elasticity at 2. E(2)=
(b) Presently, price per ticket is 2 dollars. Should price be increased to increase revenue?
(c) For what value of x, is demand unitary. x= (d) Determine the maximum revenue?