For the demand function q D x 700 X find the following a The

Last updated: 11/5/2023

For the demand function q D x 700 X find the following a The elasticity b The elasticity at x 1 stating whether the demand is elastic inelastic or has unit elasticity c The value s of x for which total revenue is a maximum assume that x is in dollars a Find the equation for elasticity E x b Find the elasticity at the given price stating whether the demand is elastic inelastic or has unit elasticity E 1 Simplify your answer Type an integer or a fraction Is the demand at x 1 elastic inelastic or does it have unit elasticity OA unit elasticity OB inelastic OC elastic c Find the value s of x for which total revenue is a maximum assume that x is in dollars OA Round to the nearest cent as needed Use a comma to separate answers as needed OB The total revenue is independent of x