Free Response 7. The demand equation for a product is given by $x = 4 - p^{3}$ . (a) Find the elasticity of demand in terms of $p$ . (b) What price should be charged to maximize revenue?

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Free Response 7. The demand equation for a product is given by x=4p3. (a) Find the elasticity of demand in terms of p. (b) What price should be charged to maximize revenue?

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