The demand equation for a certain product is given by p =18e^−0.002q ,

where p is

the price in dollars and q is the quantity in units.

a) Find the elasticity of demand when 1000 units are produced.

b) Interpret your result from part a) by analyzing the revenue when the unit price

is increased.

Can someone help get me started please? I'm quite unsure about how to do this, thanks!