A computer software store predicts the demand for a new video game can be modeled by the function D(p) = V 28,000 – 0.17p3, calc where D(p) is the…
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I need help with this please. Any explanations are appreciated. Thank you in advance
A computer software store predicts the demand for a new video game can be modeled by the functionD(p) = V 28,000 – 0.17p3,calcwhere D(p) is the number of video games sold per day at a price of p dollars per game.Opera(a) State the elasticity of demand function, E(p).FunctiRelaticE(p) =2 (28000 – .17p(3) )Correct !XSymb17(3p3)SetsVOD!VectorTrig(b) Find the elasticity at the current price of $42 per game. (Round your answer to two decimal places.)Greek4.5045XHel(c) Use your result from part (b) to decide whether the store should increase or decrease its price.increasedecrease(d) What price should the store charge to achieve unit elasticity? (Round your answer to the nearest cent.)$ 69X
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