A grocery store sells packages containing one pound of bacon and two cartons of eggs. The number of packages sold at price is given by

(a) Evaluate the demand elasticity when .

Here, "demand elasticity" is the absolute value of for an infinitesimal change in price, so

(b) Should the price be raised in order to increase revenue?

(c) For what value of is the demand elasticity unitary?

(d) What is the maximum revenue?
Maximum revenue =

You can earn partial credit on this problem.