/16 I tried this but failed can smoneone explain to me A bakery works out a demand function for its chocolate chip cookies and finds it to be q = D(x) = 777-24x, where q is the quantity of cookies sold when the price per cookie, in cents, is x. Use this information to answer parts a) through f).a) Find the elasticity.E(x)=b) At what price is the elasticity of demand equal to 1?¢(Round to the nearest cent as needed.)c) At what prices is the elasticity of demand elastic?O A. Greater than 16¢O B.O C.O D. Less than 16¢Prices cannot be elastic in this casePrices are elastic at all values.d) At what prices is the elasticity of demand inelastic?O A. Less than 16¢OB. Prices cannot be inelastic in this caseO C. Prices are inelastic at all valuesO D. Greater than 16¢e) At what price is the revenue a maximum?x=¢(Round to the nearest cent as needed. Use a comma to separate answers as needed.)f) At a price of 17¢ per cookie, will a small increase in price cause the total revenue to increase or decrease?oIncreaseC Decrease

A bakery works out a demand function for its chocolate chip cookies and finds it to be q = D(x) = 777-24x, where q is the quantity of cookies sold when the price per cookie, in cents, is x. Use this information to answer parts a) through f). a) Find the elasticity. E(X)= b) At what price is the elasticity of demand equal to 1? e (Round to the nearest cent as needed.) c) At what prices is the elasticity of demand elastic? OA. Greater than 16 O B. Prices cannot be elastic in this case OC. Prices are elastic at all values. O D. Less than 16g