Solve the Problem. -A Beverage Company Works Out a Demand Function for Its

question 110

Multiple Choice

Solve the problem.
-A beverage company works out a demand function for its sale of soda and finds it to be where x = the quantity of sodas sold when the price per can, in cents, is p. At what prices, p, is the elasticity of demand inelastic?

• A) For p < 69 cents
• B) For p > 30,450 cents
• C) For p > 276 cents
• D) For p < 138 cents

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