Question: This is Section 3.9 Problem 8:For the demand function x=D(p)=1002p:(a) The elasticity is E(p)= .(b) When p=25, the elasticity E(25)= , the demand is ---Select---inelasticunitaryelastic

This is Section 3.9 Problem 8:For the demand function x=D(p)=1002p:(a) The elasticity is E(p)= .(b) When p=25, the elasticity E(25)= , the demand is ---Select---inelasticunitaryelastic .(c) The price at which the total revenue is at a maximum is p= Hint: Follow Example 3.

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