A bakery works out a demand function for its chocolate chip cookies and finds it to be q D x 743 15x 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 743 15x 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 Round to the nearest cent as needed c At what prices is the elasticity of demand elastic OA Prices are elastic at all values OB Prices cannot be elastic in this case OC Less than 25 O D Greater than 25 d At what prices is the elasticity of demand inelastic OA Prices are inelastic at all values OB Less than 25 OC Prices cannot be inelastic in this case OD Greater than 25 e At what price is the revenue a maximum X Round to the nearest cent as needed Use a comma to separate answers as needed

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