Consider the following. Demand Function      Quantity Demanded p = 12 − 0.0003x      x = 20,000 (a)Find the price elasticity of demand for the demand function at the indicated x-value. (b)Is the demand elastic, inelastic, or of unit elasticity at the indicated x-value? A.The demand is elastic at this x-value. B.The demand is inelastic at this x-value.     C.The demand is of unit elasticity at this x-value.   (C)Identify the intervals of elasticity and inelasticity. (Enter your answers using interval notation. If an answer does not exist, enter DNE.)    Elastic?  Inelastic?

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