Demand Function

Quantity Demanded

$p=12-0\mathrm{.}0003x,x=20,000$

Find the price elastigity 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?

The demand is elastic at this $x-$value.

The demand is inelastic at this $x-$value.

The demand is of unit elasticity at this $x-$value.

Use a graphing utility to graph the revenue function.

Identify the intervals of elasticity and inelasticity. $($Enter your answers using interval notation. If an answer does not exist, enter DNE.$)$

elastic $$

inelastic $$

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