Consider the following

Consider the following. Demand Function Quantity Demanded p=m0y x=m Find the price elasticity of demand for the demand function at the indicated x-value. |7CL1 | 3' Is the demand elastic, inelastic, or of unit elasticity at the indicated x-value? o The demand is elastic at this xualue. O The demand is inelastic at this x-value. ID The demand is of unit elasticity at this xvalue. if Use a graphing utility to graph the revenue function. y Y 000 12 Hill] 500 10000 400 0000 5000 300 4000 2"\" 2000 100 x o 50 100 150 x O 50 100 150 y r 1200 25000 1000 2|] DUI] 300 15000 600 10000 4\"\" 5000 200 50 100 150 x (3 50 100 150 O 3: Identify the intervals of elasticity and inelasticity. elastic ' | inelastic ' |