Consider the demand function [ q=D(x)=400 e^{-0.2 x} text {. } ] a) Find the elasticity. [ E(x)= ] b) Find the elasticity at ( x=3 ). Round to one decimal place. State whether the demand is elastic (type - E) or inelastic (type I) c) Find the elasticity at ( x=18 ). Round to one decimal place. State whether the demand is elastic (type E)

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Consider the demand function  [ q=D(x)=400 e^{-0.2 x}  text {. }  ] a) Find the elasticity.  [ E(x)=  ] b) Find the elasticity at  ( x=3  ). Round to one decimal place. State whether the demand is elastic (type - E) or inelastic (type I) c) Find the elasticity at  ( x=18  ). Round to one decimal place. State whether the demand is elastic (type E) or inelastic (type I). d) At a price of  (  $ 3  ), will a small increase in price cause the total revenue to increase (I) or decrease (D)? Type I or D.

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(Solved): Consider the demand function \[ q=D(x)=400 e^{-0.2 x} \text {. } \] a) Find the elasticity. \[ E(x) ...

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