Question: Consider the following. Demand Function Quantity Demanded p = 15 - 0.0003x x = 25,000 Find the price elasticity of demand for the demand function

Consider the following. Demand Function Quantity Demanded p = 15 - 0.0003x x = 25,000 Find the price elasticity of demand for the demand function at the indicated x-value. Is the demand elastic, inelastic, or of unit elasticity at the indicated x-value? O The demand is elastic at this x-value. O The demand is inelastic at this x-value. O The demand is of unit elasticity at this x-value.\f

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