A bakery works out a demand function for its chocolate chip cookies and finds it to be q = D(x) = 846 - 23x, where q is the quantity of cookies sold when the price per cookie, in cents, is x. Use this information to answer parts a) through f). WWE a) Find the elasticity. E(x) = b) At what price is the elasticity of demand equal to 1? (Round to the nearest cent as needed.) c) At what prices is the elasticity of demand elastic? OA. Greater than 18 OB. Prices cannot be elastic in this case OC. Prices are elastic at all values D. Less than 18 d) At what prices is the elasticity of demand inelastic? O A. Prices are inelastic at all values OB. Less than 18 OC. Greater than 18

A bakery works out a demand function for its chocolate chip cookies and finds it to be q = D(x) =846 -23x, where q is the quantity of cookies sold when the price per cookie, in cents, is x. Use this information to answer parts a) through f) a) Find the elasticity E(xx)= b) At what price is the elasticity of demand equal to 1? (Round to the nearest cent as needed ) c) At what prices is the elasticity of demand elastic? O A. Greater than 180 O B. Prices cannot be elastic in this case O C. Prices are elastic at all values O D. Less than 18g d) At what prices is the elasticity of demand inelastic? O A. Prices are inelastic at all values O B. Less than 184 O C. Greater than 18cO C. Prices are elastic at all values O D. Less than 18g d) At what prices is the elasticity of demand inelastic? O A. Prices are inelastic at all values O B. Less than 18 O C. Greater than 18c O D. Prices cannot be inelastic in this case e) At what price is the revenue a maximum? * =[ (Round to the nearest cent as needed. Use a comma to separate answers as needed ) ") At a price of 134 per cookie, will a small increase in price cause the total revenue to increase or decrease? O Increase O Decrease