A bakery works out a demand function for its chocolate chip cookies and finds it to be q D x 928 19x where q is the quantity of

Question

A bakery works out a demand function for its chocolate chip cookies and finds it to be q D x 928 19x where q is the quantity of cookies sold when the price per cookie in cents is x Use this information to answer parts a through f a Find the elasticity E x b At what price is the elasticity of demand equal to 1 e Round to the nearest cent as needed c At what prices is the elasticity of demand elastic OA Less than 24 OB Prices cannot be elastic in this case OC Prices are elastic at all values OD Greater than 24c d At what prices is the elasticity of demand inelastic OA Prices cannot be inelastic in this case OB Prices are inelastic at all values OC Greater than 24 OD Less than 24c e At what price is the revenue a maximum Round to the nearest cent as needed Use a comma to separate answers as needed CLED cookie will a small increase in price cause the total revenue to increase or decrease

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