The short term demand for a product can be approximated by q = D(p) = 10 - 0.7p, where p represents the price of the product, in dollars, and q is the quantity demanded. Find the elasticity function E(p) = Evaluate the elasticity at 10 dollars. E(10) = Round to three decimal places as needed.The short term demand for a product can be approximated by q = D(p) = 175(100 -p") where p represents the price of the product, in dollars, and q is the quantity demanded. (a) Determine the elasticity function, E(p) =. (b) Use the elasticity of demand to find the price which maximizes revenue for this product p = dollars. Round to two decimal places.The demand function for a Christmas music CD is given by q 2 13(1)) 2 {125(225 3)?) where q {measured in units of a hundred) is the quantity demanded per week and p is the unit price in dollars. (a) Find the elasticity function, E(p) 2' '. (b) Evaluate the elasticity at 10.1900) : '' (0) Should the unit price be lowered slightly from 10 in order to increase revenue? ? v (d) Use the elasticity of demand to find the price per unit which maximizes revenue for this product. p = ':' dollars per CD Round your answer to two decimal places as needed. A grocery store sells l-pound package of bacon and two cartons of eggs. The demand for packages at price pdollars is given by q = D(p) 2 100(6 ). (a) Find the elasticity function, E(p) 2' |. (b) Evaluz the elasticity at 4. 3(4) 2 |_| (c) Should the unit price be lowered slightly from 4 in order to increase revenue? ? v (d) Use the elasticity of demand to find the price per unit which maximizes revenue for this product. p : ':| dollars per unit Round your answer to two decimal places as needed