The demand function for a certain brand of compact discs is given by p = -3x2 - 2x + 25 where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. (a) Compute the price, p, when x = 2. Price, P = 9 dollars (b) Use implicit differentiation to compute the rate of change of demand with respect to price, p, when x = 2. Do not round your answer. 1 Rate of change of demand, X' = 14 thousands of units per dollar (c) Compute the elasticity of demand when x = 2. Do not round your answer. Elasticity of Demand = 0.32 X