Question: 500 For the demand function q = D(p) = (p +8)5 find the following. a) The elasticity b) The elasticity at p = 6, stating

500 For the demand function q = D(p) = (p +8)5 find the following. a) The elasticity b) The elasticity at p = 6, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars) a) Find the equation for elasticity. 5p E(p) = p+8 b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic or has unit elasticity. E(6) = (Simplify your answer. Type an integer or a fraction.)

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