Elasticity Consider the following. Demand Function Quantity Demanded 600 p = x + 3 x = 23 Find the price elasticity of demand for the demand function at the indicated x-value. Is the demand elastic,...

Extracted text: Elasticity Consider the following. Demand Function Quantity Demanded 600 p = x + 3 x = 23 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? O The demand is elastic at this x-value. O The demand is inelastic at this x-value. O The demand is of unit elasticity at this x-value. Use a graphing utility to graph the revenue function. y y y y 700- 700- 700- 700 600 600- 600 600 500 500 500 500 400 400 400 400 300 300 300 300 200 200 200 200 100 100 100 100 40 80 120 160 200 40 80 120 160 200 40 80 120 160 200 40 80 120 160 200 Identify the intervals of elasticity and inelasticity. (Enter your answers using interval notation. If an answer does not exist, enter DNE.) elastic inelastic