Solve the problem.A beverage company works out a demand function for its sale of soda and finds it to be q = D(x) = 3000 - 24xwhere q = the quantity of sodas sold when the price per can, in cents, is x. At what price, x, is the elasticity of demand inelastic?
A. For x > 36,000 cents
B. For x < 125 cents
C. For x > 250 cents
D. For x < 63 cents
Answer: D
Mathematics
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