Question: (I points) The demand function for a Christmas music album is given by q = 0.3(350 p2) where q (measured in units of a hundred

(I points) The demand function for a Christmas music album is given by q = 0.3(350 p2) where q (measured in units of a hundred albums) is the quantity demanded per week and p is the unit price in dollars. (a) Evaluate the elasticity at 10.99 dollars. E(10.99) = 03) Is the demand for albums elastic, inelastic, or neither (unit elastic) at this price of 10.99 dollars? ? v (c) Should the unit price be lowered slightly from 10.99 dollars in order to increase revenue? ? v If you don't get this in 4 tries, you can get a hint

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