(Solved): A sotware ontortainment company recently ran a holiday sale on its popular sotware program. Using d ...

A sotware ontortainment company recently ran a holiday sale on its popular sotware program. Using data collected from the saio, it is possible to estimate the demand corresponding to various discounts in the price of the sotware. Assuming that the cripinal price was 537 , the demand for the software can be estimated by the. function $q=3,748,000p^{?2155}$, where $p$ is the price and $q$ is the demand. Calculate and interpret the elasticity of demand. What tormula shorid be used to compute the elasticty of comand, $t$, if $q$ is comand at a price p' A. $E=p+dq$ B. $E=\frac{p}{dp}?\frac{q}{dq}$ c. $E=?\frac{p}{q}?\frac{dq}{dp}$ D. $E=q?dp$ Find the elasticity of demand