A Moving to the next question prevents changes to this answer. Question 16 of 30 > stion 16 4 points Save Answer A policy adviser is looking to improve Canada's balance of trade with China. Suppose the demand function for some heavy machinery equipment that Canada sells to China is given by 5000 Q (3P + 1)2 where Q is quantity per year and p is price (measured in hundreds of thousands of dollars). Given this information, the value of price elasticity of demand for this equipment when the current p is equal to 3 is given by , and in this situation Canada should the price of its heavy machinery equipment to China. The answer for the underlined in the last sentence are respectively O a. -2; raise O b. -1.8; raise O c. -0.6; lower O d. -1.8; lower O e. -2; lower Of. -0.6; raise Moving to the next question prevents changes to this answer. Question 16 of 30