7. [-/1 Points] Math 110 Course Resources Implicit Differentiaion & Related Rates Course Packet on computing elasticity of demand using implicit differentiation The demand function for a certain brand of compact discs is given by p = 3x2 2x + 25 where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in unis of a thousand. (a) Compute the price, p, when x = 2. Price, p = dollars (b) Use implicit differentiation to compute the rate of change of demand with respect to price, p, when x = 2. Do not round your answer. Rate of change of demand, x' = thousands of units per dollar (c) Compute the elasticity of demand when x = 2. Do not round your answer. Elasticity of Demand =