Consider the following. Quantity Demanded X = 17 Demand Function p = 800 – 3x Find the price elasticity of demand for the demand function at the indicated x-value. Is the demand elastic, inelastic, or of unit elasticity at the indicated x-value? The demand is elastic at this x-value. The demand is inelastic at this x-value. The demand is of unit elasticity at this x-value. Use a graphing utility to graph the revenue function. У 1000F 60 000 800 50 000 600 40 000 30000 400 20000 200 10 000 х х 50 100 150 200 250 50 100 150 200 250 У 2000 У 30000 25000 1500 20000 1000 15000 10000 500 5000 х х 50 100 150 200 250 50 100 150 200 250 Identify the intervals of elasticity and inelasticity. elastic inelastic Need Help? Watch It Talk to a Tutor Additienal Materials

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