Question: 600 For the demand function q = D(x) find the following. a) The elasticity b) The elasticity at x = 8, stating whether the demand


600 For the demand function q = D(x) find the following. a) The elasticity b) The elasticity at x = 8, stating whether the demand is elastic, inelastic, or has unit elasticity c) The value(s) of x for which total revenue is a maximum (assume that x is in dollars) a) Find the equation for elasticity E(x) = b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic, or has unit elasticity! E(3) = Simplify your answer. Type an integer or a fraction.) s the demand at x = 3 elastic, inelastic, or does it have unit elasticity? A. unit elasticity O B. inelastic O C. elastic c) Find the value(s) of x for which total revenue is a maximum (assume that x is in dollars) DA. S (Round to the nearest cent as needed, Use a comma to separate answers as needed.) O B. The total revenue is independent of x
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